Levels & thoughts for 2/24 Friday
Bulls are back, bears are giving in?
Fantastic night and day session with multiple points all night and day. Night session kept us giving from 10/12 long and 22 shorts. Some folks made 100’s of points just in globex.
In RTH open we longed against 20 which ran up to 35’ish. Then we shorted against 4022 and then again 4016 which got us on bear train which we rode all the way to 75’s taking runner offs right before 1 pm note auction in 85’s
We tried short at our level 92/96 which did not work. We failed to flip there so sat out long train. But over all multi banger day.
Econ Tomorrow:
Friday, February 24, 2023
08:30 EST Core PCE Price Index (MoM) (Jan)
08:30 EST Personal Spending (MoM) (Jan)
10:00 EST Michigan Consumer Expectations (Feb)
10:00 EST New Home Sales (Jan)
10:15 EST FOMC Member Mester Speaks
I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play edges to short and go long after 2 am. But get out of the way if it rips thru edges and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.
Rest of the content is for paid sub stack users and is also shared with users on private twitter/telegram via message.
