PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR THURSDAY 2/03/23
Markets remained under pressure with the DAX and UK100 giving back some early gains into the European close while the US remained under pressure into from sellers as major indexes pushed into support. The USD was sold lower all day through Asian and European trade but found some buyers into the USD open. US Bond yields rallied generally against the flow of the USD while Gold and Copper found strength and Oil brushed aside early weakness.
Major Indexes are remain trending down potentially with more selling to come in the medium term while short term could see some support from bargain hunters.
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.
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