Scalping the ES

iscalp

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19.12.18
News 19.12.18.PNG


HEADS UP - WEDNESDAY 19.12.18

Markets Await Fed Announcement Powell
U.S.-China Plan January Talks
U.S. Futures Point to Higher Open
U.S. Dollar, Treasury Yields Edge Lower
Oil Attempts to Find Footing After Bloodbath

Prior Day Action - Sellers stayed off Buyers at the ONH from the off. Market tested & broke the PDL before heading higher to test the PD VAL. Another leg lower to close near the low of day.

ONS Action - Buyers in control, trending the market higher to VAL 17/12/18 & mid value of PD.

19/12/18 - Areas of interest 2545, 2560, 2576
My interpretation of current market condition: Bearish.
 
Last edited:
x1 trade to T1, x2 scratches. Wasn't reading the market too well today so called it a day.
 
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