High of the Day: R12Mid
Morning Reversal at: R1 at 5.00 am
US Market Open Move ended at: Camarilla L3 at 10.34 am
Low of the Day: Camarilla L3
Close of the Day:
Prior Day Open
Profit 20 Points Elliot Wave
Profit 95 Points ART Method
This morning there was a rally before the open and then pretty much sideways trading because the S&P could not get above 1000. Crude oil also made a nice move up in the early morning, so I add to my trade plan to trade crude oil from 2 am when the overnight trend is still going and ideally yesterday was a consolidation day.
From what it looks like today will be a day after a downtrend correction, so a multiday double bottom and then higher prices due to a rally in the afternoon, pretty much like the 18th August.
Well indeed the market did go down after the news to form a multiday double bottom but the bounce up was not impressive as on the 18th August, seams like we are really in a downtrend, looking forward to trade again on the short side tomorrow...
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