Trade for 11th March (Mon) - 12th March (Tue)
UX1 went a bit of overshoot with Tech sold off, which also influenced by the weekly Option expiration (rather than Non-farm). However, there is no indication on fear in the market. Our model suggested it will still go compressing till Tuesday (post CPI data)
Entry price reference: 15.2 or higher (this is not at Open)
UX1 Indicative range: Low - High 14.5 - 16 (spread 0.7 - 1)
Stop loss: 15.7 post CPI data release on Tuesday
Profit take: 14.5
UX1 went a bit of overshoot with Tech sold off, which also influenced by the weekly Option expiration (rather than Non-farm). However, there is no indication on fear in the market. Our model suggested it will still go compressing till Tuesday (post CPI data)
Entry price reference: 15.2 or higher (this is not at Open)
UX1 Indicative range: Low - High 14.5 - 16 (spread 0.7 - 1)
Stop loss: 15.7 post CPI data release on Tuesday
Profit take: 14.5
Note
15.2 is touched, so enteredNote
14.5 was hit right after CPI data release (slightly hotter than expected), seems ppl dumping volOverall, 70bps PL
bloomberg.com/news/live-blog/2024-03-12/us-cpi-report-for-february
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.