Two weak (awful in fact) ISM numbers this week, a 92% likelihood the J.Powell & Co. will cut rates on the 30th, and a lot of hopium. A miss in the NFP (what I am expecting) would be enough for the market to test Thursday’s lows. Here’s what is on my Radar.
Shifting the mental transmission is a difficult practice, especially when a market is in chop and offers little by way of directional bias.
These six markets will tell a trader nearly all they need to know about the broader market psychology, and right now, it’s not so bullish. But when the market is choppy, right when traders start turning bearish, it’s time to start thinking about the other side of the trade.
In this video, we talk about the major selling we have had in the last 2 days and where we might go from here.
Contrary trading is critical in this environment; here’s why.
