Morning Ideas June 2, 2022
Good morning traders,
The market filled in the area in the profile that we discussed yesterday the 4100-4090 area. Now the overall profile (big picture) is looking more and more bell shaped.
In a normal environment, I would bet that we'd be headed for 4250, to the top of the value. However, with the lack of liquidity and general uneasiness in the market, the market could trend at any time.
For today, I'm looking for the market to catch a bid, only to be sold tomorrow/next week.
The market filled in the area in the profile that we discussed yesterday the 4100-4090 area. Now the overall profile (big picture) is looking more and more bell shaped.
In a normal environment, I would bet that we'd be headed for 4250, to the top of the value. However, with the lack of liquidity and general uneasiness in the market, the market could trend at any time.
For today, I'm looking for the market to catch a bid, only to be sold tomorrow/next week.