Weekly Outlook
Economic Calendar
Red folders on Tuesday and wednesday. Bank holiday on Thursday ( Thanksgiving). According to the economic calendar we can expect a Tuesday-Wednesday High/Low of the week.
Technical Analysis
DXY – Price went higher past week as expected but did not reach 100.54 yet. I would expect a bullish week to come but also a reaction on our level.
Currencies – Weekly is suggesting lower prices. I’ll keep a far eye on this but not really interested yet. I want to see a clear daily chart in order to put size in currency.
Indicies – Weekly in down trend so I’ll take short trade until daily proves me im wrong. Be aware that we already got a H4 C2 down closure. The week might starts directly going down. YM is the strongest and RTY weakest.
Metals – Daily is indecisive for GC & SI in my opinion. but we got a bullish C2. I’ll wait for daily to give more confirmation or at least a clear H4 distribution.
Trading of the Week
Monday
There was the trade.
Tuesday
NQ Short – ES reacted from H1 Bearish OB and took PDH. NAS did not and made M5 CISD Lower.
RTY – Buy Setup reaction up from H1 +OB during 9:30
Wednesday
MYM Long – H1 & H4 are aligned for upside movement;
Thursday – Thanksgiving ( Market closes at 12pm CT)
Zero Action today as expected. I’m glad I spent my day on other things.
Friday
Nothing interesting today either.
was not confident fo SI buy trade. I prefered to stay flat on a day like this.
