Dec 11, 2018 – Break it Up

Premarket insight for today’s Futures market with technical analysis of Nasdaq, Crude Oil, Gold, and Euro Fx futures. Daily affirmations and preparations are always a bonus! ?

Key Points for Today’s Premarket Insight:

  • Economic Outlook
    • PPI
  • Normal News Headlines
    • China trade
    • Brexit
    • Oil
  • Premarket Volume strength: Moderate

For the premarket volume check, CLF19 the only contract over 100k of volume with 6EZ18 not far behind. A good deal of bulls across the board leading up to the bell. 

Stay calm, plan the trade, and trade the plan.

Topstep Trader Combine Futures mid-market recap

Total profit/loss = $0

  • No Trades Taken
  • Price action not good for my strategy

The market was just too choppy today for my strategy and I didn’t see any good setups before deciding to call it a day before 11:30 EST. With NQ climbing more than 1% in the premarket, I did not feel like it would keep trading long. Bulls were putting up a fight to push it higher, but the bears were just too determined to stop the continuation.

For me, it’s better to not force it and end up flat with no trades than try to force a trade and take a loser. The market will be open tomorrow, so I will have a chance to make some gains another day.

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.


Mv3 Trader

“Trade Consciously”

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