MYM1! Price Action for 11/4
With no high-impact news scheduled, I anticipate price action will follow a similar pattern. I expect the bearish trend to persist throughout the week, allowing for daily plays aiming at 200+ tick moves. If the FOMC meeting on Thursday doesn’t shift the trend, I believe next week’s CPI report could drive a bullish reversal.
Lets collect these ticks!
Note
We did no rise to my indicated supply zone, so I was completely wrong there. We did in fact fall to the support and I was able to catch the sell and retrace. Solid day.
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