Conducted a coffee trading session for the Dow last evening. My initial outlook was correct but then somehow the market tricked us as the Dow broke out in the first 8 minutes and then broke down profusely before recovering. It was treacherous and all these were in a range as illustrated above. In the middle of the night, the Dow looked like breaking out again to be only caught be bars and more bars of breaking down after the interest rates news was released. It was a tough night for me as I only took 1 trade with a small loss but congrats to the rest who made $ instead. Looking forward to the next session with clearer direction.
Ronald K - Market Psychologist - A Stock Market Opportunist
