After Market Observation June 1st
1. Overnight inventory was long, got correct in the second 30 mins of the session as 4 economic reports came out
2. Price made poor high and poor low during the session
3. Value Area - 3 days balance
4. Price struggled at today's half back and was down in the last 30 mins
5. Seems like short term (short-covering) rally is over and market goes down from here to touch 300 and 280.
9 important economic data coming out tomorrow:
3 before market and 1 after market
3 between 10 and 11 AM
2 anytime
Long term critical levels:
Weekly high/low: 309/282
Monthly high/low: 330/280
Recent high/low - 280 / 330, 372
Critical VWAP levels: Blue VWAP lines on the chart
Critical Fibb levels: 350, 330, 315, 285, 260, 200
2. Price made poor high and poor low during the session
3. Value Area - 3 days balance
4. Price struggled at today's half back and was down in the last 30 mins
5. Seems like short term (short-covering) rally is over and market goes down from here to touch 300 and 280.
9 important economic data coming out tomorrow:
3 before market and 1 after market
3 between 10 and 11 AM
2 anytime
Long term critical levels:
Weekly high/low: 309/282
Monthly high/low: 330/280
Recent high/low - 280 / 330, 372
Critical VWAP levels: Blue VWAP lines on the chart
Critical Fibb levels: 350, 330, 315, 285, 260, 200
Trade closed: target reached