Nasdaq futures continue to fall from yesterday’s session. From my research, many technical analysts predicting some additional pullback but still see the market long-term bullish. So far NQ’s pullback has only retraced about half of Wednesday’s bullish run. Results of PPI, as indicated by the Economic Outlook, and Walt Disney earnings get the spotlight for today’s session.
Premarket insight shows moderate strength for a Friday. CLZ18 above the 100k of volume mark with a strong bearish move that started in the Euro session. GC is also trading bearish with a strong drop after 08:00. Euro Fx futures mostly trading sideways to slightly bearish.
Stay calm, plan the trade, and trade the plan.
Total Profit $15 all in TST.
Comment below with your opinions and questions.