PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR TUESDAY 28/02/23
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
A strong European session flowed over to the open of the US session as traders lapped up some bargains from the recent selloff. Major Indexes remain in a downtrend and pressure came from sellers late in the US session. The USD sold off from previous highs and US bonds rallied (yields fell) which provided support for share market investors. I still feel that the action is being dominated by intraday algo and institutional traders as the expectations for inflation and interest rates remain mixed.
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