Backdrop Surprisingly strong employment numbers. EV tax credits future skepticism. Car margins shrinking. Market down days might need a break. Daily Chart Flat day with slight upward bias after 5 prior downward days. 3-Minute Chart 4 good swings followed by…
You never know when the market will get surprised and make a bar that blows through everyone’s stops.
Having a strategy is essential. Let’s think about one around big 15-minute bars.
I was surprised by the lack of volume on a CPI day.
The day range beat yesterday, having a somewhat strong downward direction, hovering below $200, with a range of 110% ATR.