Ready for Friday?
With news at 8.30am and 10am, Friday is expected to be a lively day on the markets. Here's the playing field for the ES. How do we know if Nr. 1 is the 50%? We don't. All we know is that we've seen these things before. (Also: remember, in trading we don't have an opinion. Or if we do, it always changes, based on new evidence.)
But we know, since it's already happened, that buyers stepped in around 2030. We also know Nr. 3: it's the first of a series of unfilled gaps below us from weeks past.
What the market does with this and upcoming information, we'll see soon. North or south, our job is to get on the right train at the right time with the least risk. Easy? No. Can be done? Yes. Is it okay to just pick up some crumbs here and there with a scalping system like the Remek!? Sure, we love crumbs.
Happy Friday!