Trading Strategy:
Trading Notes: Some slight weakness heading into today, that was quickly reversed on comments from the Fed's Bullard who thinks the risk of recession is overpriced (which honestly is laughable). That sets the theme for today, and once regular trading hours commence, it'll be interesting to see whether this is an action that is quickly faded or does it become a launchpad for higher prices? There's also the FOMC Minutes that comes out at 2pm today that can create some serious risk to the markets as we essentially learn what the Fed was thinking two weeks ago. In all, I am expecting a quiet day for me from a trading activity standpoint, as I let the current two positions play out.
Trading Activity:
Setups Triggered: SH
Setups Waiting to Trigger: None
Active Trades: PSQ, SH
Trades/Setups Removed/Closed: None
(NT=Never Triggered, 1/2=Half position, 1/3=Third position)
Additional Strategies & Ideas: These are not official trades that I take, instead they are opportunities and setups that I find of interest each day and charts that I send out via WhatsApp to Trading Block members (Download the app and send me a message at 321-522-6733).