May 12, 2023 NQ Long
Updated
Equity Indexes has returned to being bullish. This sentiment is likely to continue given that the markets have already digested the most potent economic data for the week (CPI).
Watch for 10:00am Consumer Sentiment. If the report produces a surprisingly lower than expected number, sentiment may shift in the short term.
- 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 ***
Watch for 10:00am Consumer Sentiment. If the report produces a surprisingly lower than expected number, sentiment may shift in the short term.
- 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 active
Price has now entered our zone. Since the report was a bit worse than expected, trade will be taken only using lower TF confirmation. Will not execute entry without confirmationNote
We are still waiting for confirmation. Price needs to cross above 13440.00. Unless it does that and if it drops below its current low (13383), trade will be abandoned.Order cancelled
Trade will be abandoned as there was no confirmation. There was no execution, no loss.
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