May 6, 2023 NQ Long
Updated
Equity Indexes recovered from the sell-off we anticipated due to the CPI report.
Price is likely to contiue it's rally, possibly making entry at one or both of these zones.
Watch for 8:30am PPI and Unemployment Claims numbers. These reports could significantly change short-term momentum.
Trades taken using confirmation entires have a higher probability for sucess.
Using an initial 1:1 target is recommended for reducing risk.
Short-term income trade ideas are good for the day unless otherwise stated.
*** For educational purposes only ***
Price is likely to contiue it's rally, possibly making entry at one or both of these zones.
Watch for 8:30am PPI and Unemployment Claims numbers. These reports could significantly change short-term momentum.
Trades taken using confirmation entires have a higher probability for sucess.
Using an initial 1:1 target is recommended for reducing risk.
Short-term income trade ideas are good for the day unless otherwise stated.
*** For educational purposes only ***
Trade closed: target reached
Today's Core PPI was as expected, PPI m/m slightly better than expected but Unempl., worse than expected. This caused the NQ to drop over 100 pts and into our zone before rallying over 100 pts.
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