With the retail sales for Economic Outlook, Walmart (WMT) gets the spotlight for retail earnings today before the open, accompanied by tech stock Nvidia (NVDA) after the close. Nasdaq futures retracing about 50% of yesterday’s selloff, showing strong support at 6760. Look for a retest before the main drop if we break that area bearish on continued selloff. Keeping an opened mind, we could easily trade in either direction from here.
Premarket volume check showing moderate strength as volume has shifted from CL. Futures contracts NQZ18 and 6EZ18 above the 100k volume mark before 08:00 EST. Crude oil, Gold, and Euro Fx futures trading sideways with 6E trading in a wide range of about 160 ticks.
Stay calm, plan the trade, and trade the plan.
Total profit $120 – all TST.
Comment below with your opinions and questions.