Thoughts for Friday 11/17

Bears are getting crushed.

Very muted range today. We had perfect call out in Globex though my bias going into RTH was we get a break of 4502 today after it broke out of yesterday’s range but oh well it did not materialize. 4520 gave good short opportunity after London open and after RTH open couple times giving low of 02, perfect touch to our setup but did not break 00, triggering weak long. We shorted again 16 area for few points but afternoon was mostly choppy giving couple of +4 points against 16.

Econ for week:

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