FOMC / Treasury is partisan, they will flood the market with liquidity till elections to guarantee Kamala wins.
the degree of the move is unusual.
if you trade against the EMA's on the chart above, your trading against the algo at work.
its the intermittent spikes that are multi bar. The bars or vol would be both sided, but 90% are all on the upside since earnings FOMO.
[ATTACH]
5540 is the sell zone, pivot..
there is an algo running, looking to see when it gets turned off. Metered buys ..
one way market since earnings pivot 5440.
5440 becomes a massive ‘tail’ / ‘pin’ .. if market can maintain its relative strength to clear 5525 zone.
10am Consumer Confidence report, .. only implied VOL today. After the report, the rest of the day will be positioning for Wednesday, whole slew of...
VIX fractal looking to collapse down.
why? 5540 [ATTACH]
https://tradingeconomics.com/venezuela/stock-market future of US equity markets...
Underlying secondary indicators positive bias, this is just noise ping ponging, market has to test crucial levels to determine bias, the last...
5540 on tap.
ES has to fail at 5540 for the intermediate term downward regression to hold. So its testing that.
Only trader you can be given your circumstances, unless your situation can be altered. Everyone is different with different levels of intellect...
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