Wednesday, February 4, 2015

Wankle Wednesday 2-4-2015

ISM just after the open.

Yesterday followed the familiar test one way rip the other way. Tested into the single prints which was hypo 1. I think any bearish bias needs to be nullified at this point. Yesterday's profile left a weak high as did the over night session. I think these highs will be tested this coming session if not very soon.


Current outlook is to open in range in balance (OAIR).

In a rush so my main hypo for today is a test down, rejection and another push higher above the weak high from yesterday. Below 2022 I am likely wrong on this trade and will look for a short into yesterday's single prints near the lows.

No comments:

Post a Comment