Morning Ideas August 4, 2022
Good morning traders...
The market trended yesterday, right to the top of the volume from this area. To me, it looks like the volume is between 4160 and 4060, leaving above 100 points of range in the "thick area"
Tomorrow is Non-Farm Payrolls (NFP) so I don't think there is a high probability that we leave this area today. I'd warn against chasing trends, for that reason.
The market trended yesterday, right to the top of the volume from this area. To me, it looks like the volume is between 4160 and 4060, leaving above 100 points of range in the "thick area"
Tomorrow is Non-Farm Payrolls (NFP) so I don't think there is a high probability that we leave this area today. I'd warn against chasing trends, for that reason.