Day’s Theme: Not specified
Behavior Around the High: Not specified
Behavior Around the Low: Not specified
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a long position at a low between roughly 10:00 and 11:00.
Overview
On September 11, we’ll likely open lower. We may have a move to the upside in the pre-market and then a full retracement of that move back down into a low around the open. We’ll attempt to establish support between roughly 10:00 and 11:00. There’s a trade opportunity there. That’s followed by a move to the upside into a crest or peak between 11:00 and noon. We’ll then decline from that peak or crest pretty notably into the noon hour. That’s followed by a move higher into a peak or crest around 1:15. We’ll expect to break through resistance but instead we’ll turn around and decline through support. There’s more of a rally and an unexpected move higher into a crest or peak toward the end of the day. We’ll sell off pretty notably from that to meet a support level that we met once before. In the post-market, we’ll have more of a move to the upside.
Sneak Preview
We’ll likely open lower on September 12th.