Pre-Open Commentary | March 14, 24
Condensed Insight Before the Bell.
Key takeways:
Definietly not looking for shorts today (scale in type of day).
Strongest bullish area around 5231.
10 points lower i’ll be out.
Notes/Observations/Issues:
For most intraday traders prices will seem high, hence majority will look to short rather than join the trend. This might fuel potential rally.
Rare, “dealers” metric went into negative territory during overnight which makes me a bit less confident.
Dealerdash sequence showed up bullish signal (blue square).
SR1/SR2 unnatural high spread (during downtrends that signals bottoming, too few such occurencies during uptrend for consistent conclusion).
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts.