Go Fishing
US Labor Day.
Image 1. Friday and globex profiles
Day Notes
There is no formal plan in the sense of the usual Missal for the day session today given the 3-day weekend in the USA. I will be sharing a more in-depth plan for Tuesday later this evening, as usual.
As expected, very tight range overnight which will likely carry into the half-day session (trades are matched on Tuesday RTH) as volume will be very light. For those of you new to futures trading, refer to the Chicago Mercantile Exchange calendar here:
https://www.cmegroup.com/tools-information/holiday-calendar.html
Pivot Friday M-spike high 4524
a) longs over 4524 on a break of ONH aim for the 4535-40 zone where sellers are likely to step in
b) time spent under the pivot will target 4513 and 4507-09, not much traction would be expected below these levels.
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