PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR WEDNESDAY 1/03/23
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.
Weakness from the European session flowed over into the US session which ended in the red and capped off a negative month. Traders remain concerned over ‘sticky inflation’ and what that means to interest rates as the Fed struggles to bring inflation down. This means that there is less ‘free’ money for spending within the economy which will eventually pressure share markets lower if it is not brought under control soon.
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