Pre market narrative
- We have an intact downtrend above
- We have an intact uptrend below
- These two crash into each other
- We have to see what the outcome will be
- Expect some chop in this area
Post market summary
- We had a down move with the ism numbers
- For me it looked like they buy it at the rth l area
- I was wrong. They started a second down move at vwap/open
- For me this move was not impressive enough to be a gamechanger to the downside. The up-trend is still intact. Sellers were not able to fill the single prints from wednesdays powell move
- I think the market just does not know where to go yet