My TIMM Trading Pit Commentary – Wk Of 2/25/19

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Commentary from this past week includes:

I wanted the upper level, price turned during the 10 am reversal and has formed another supply zone, might get a chance to still short this Market.

US equity markets gapped up today, looking to short the S&P 500 futures if price can move up a little bit more and I see price breaking down.

Inside Day on US equity markets…these days tend to be choppy and take money from traders…will wait for price to break out.

I have been waiting for this 10 yr note set up for quite some time. Missed 4 hr supply zone by 2 ticks and collapsed.

British pound very strong, has been stopping me out on my forex trades…looking to short if and when price reaches 1.3400.

This is that Aussia Dollar trade set-up from Sunday I was talking about and why the zone was up above.

All the US equity markets have fallen from daily/4 hr supply zones. Here are some 2 min zones on the S&P500 futures I’m looking at to short if price can move back up. However, Powell talks in a little bit, so I will remain cautious.

I have a pending order in on oil, however, I don’t like how price stopped right before my 15 min demand zone. Pending the price action, I will keep or cancel the order.

After reaching the daily supply on Weds of last week, oil has finally left the zone and breached the daily up trendline. I was personally waiting for price to reach the $59 level to short at the 4 hr supply zone.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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