Pre-Open Commentary | Aug 27, 24
Condensed Insight Before the Bell.
Key takeways:
No change in midterm metrics.
Today (sorry for the mistake, tomorrow obiously) we have NVDA earnings report after session and everyone seems to be waiting for that data. Market always is looking forward to some catalyst, event, data piece etc. To me, it usually doesn’t matter that much in wider perspective. The general flows/sentiment is very rarely broken by single piece of information; that exludes black swans ofcourse, but these are the pieces of information that no one really is waiting for.
Intraday TrendPhase is neutral as signal=0 so I need live confirmation to trade - I will soon release some new content on live confirmation subject + introduce new tool for that in the terminal.
Resistance: 5696-5704
Support: 5635 (eu session pivot), 5621-17
Notes/Observations/Issues:
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts and also serves as my personal journal (sort of).