After a relatively calm trading day during yesterday’s voting activities, the broader markets show some energy in today’s futures session in the premarket. Nasdaq futures jump more than 1%, reaching a high of more than a 100-point move before 05:00 EST. The Dow, S&P, and Russell share almost identical price action in the premarket. Also key to note, the Fed begins its FOMC meeting today for a decision release tomorrow afternoon. Economic Outlook has crude inventories scheduled for today.
Premarket volume check showing a ton of strength across the board. NQZ18, GCZ18, CLZ18, and 6EZ18 all well above the 100k of volume mark. Traders must be feeling very positive today as all of the aforementioned futures contracts are trending bullish with strength. GC, CL, and 6E began their run in the European session hours. Could be an interesting day after the opening bell.
Stay calm, plan the trade, and trade the plan.
No trades today. Price action was too choppy during my trade time although I could have taken some trades.
Comment below with your opinions and questions.