Levels & thoughts for 3/3 Friday
Back in the chop area.
ES followed script as outlined on yesterday’s post. Giving short opportunities during Night and RTH session. We have been short 3960 area in nigh session which produced 30 points and we shorted RTH open from 3950 which produced multiple +6’s and some +12 , collecting multiple points. Room longed against 3956 that produced 20 point banger in couple minutes.
Econ Tomorrow:
09:45 EST services PMI
10:00 ISM non-manufacturing
11:45ESP FOMC Member Bostic 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.
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