Super slow in the premarket to start off the week. It’s definitely Monday. Nothing significant on the calendar for today.
This morning I will just be paper trading gold futures (GC), working on restructuring my day trading plan.
At the Bell
Up to the bell not a thing happened premarket really. Volume pretty much normal for what we’ve seen lately. Got a nice bullish pop in the first 5 mins of the open market but coming up to some key resistance. Staying patient and disciplined in my 10 min rule.
Not a thing happened after that 5 min run! Just hung out sideways, chopping in a weird flag-like pattern. Scrolling left, most of the action happened in the premarket at the break of the futures market session open after 7pm Sunday.
Made one attempt at a breakout that resulted in a half R loss. Oh well, to live and trade another day. Trading capital protected. ?
Couple of key news events on the calendar today according to investing.com. I will miss the premarket but there could be some interesting action after 8:30 EST with Nonfarm Payrolls and Unemployment Rate news providing a catalyst to the market. Only time will tell. Hoping it translates well into the market hours with plenty of volatility.
Also, ISM Manufacturing PMI may bring some additional energy into the market at 10:00 EST.
At the Bell
The premarket activity only resulted in a moderate swing of energy as the market dipped down to be slingshotted bullish. It calmed down into bell before pushing hard bullish again before 10:40 EST. Watching and waiting for a good setup, expecting some pullback here.
The pullback did come but super quick and I missed it paying attention to something else. The market continued to stair-step higher, but I didn’t take a single play. Lack of focus got me today. Too many side distractions…