Thoughts for week of 3/27-3/31
Deutsche Bank Next?
Recap Last week:
Hello traders, Last week /ES futures closed up mere 46 points from its open. It traded up 4074 and down to 3897 a good 177 point range. As usual we kept on extracting points as usual with minimal risk as always. Some tweets related to those.
Last few days market has been just following the script that we had sent out to both sub stack and telegram members.
Playbook for next week:
As a day trader I have setups that are only looking for next 20 points on ES . Of course some time that opportunity may turn into 50 to 100 points and we always have runner that takes advantage of that but we do not hope that market will move 100 pts every day and that’s simply unrealistic. We do not swing trade. Every trade is closed on same day with only runner left for over night session.
We have been dancing around 200 DSMA and been in same 200 point range for almost 4-5 months now so as far as we stay in the range there is nothing bullish or bearish about it. Banking is going to continue to be in focus next few days now with DB also in chatter. This week main levels I am watching are 4080, 4040, 3992, 3950,3900 Rest of the levels, live setups and other educational content as it happens are posted on private telegram.
If you subscribe to telegram then it includes daily levels and thoughts as they are also posted on private telegram.
Offline subscription option: As many people are interested in only levels and thoughts every day, I have created sub stack monthly & yearly option just for that now, these options does not include intraday trading on ES futures that I post on telegram. I may start posting some longer term ideas on it but for now its just levels and some short/long ideas. If you subscribe on sub stack as founding member then it also includes private telegram.
Econ for the week:
Tuesday, March 28, 2023
10:00 EST CB Consumer Confidence (Mar)
Wednesday, March 29, 2023
10:00 EST Pending Home Sales (MoM) (Feb)
Thursday, March 30, 2023
08:30 EST GDP (QoQ) (Q4)
08:30 EST Initial Jobless Claims
Friday, March 31, 2023
08:30 EST Core PCE Price Index (MoM) (Feb)