Pre-Open Commentary | March 20, 24 (FOMC)
Condensed Insight Before the Bell.
Key takeways:
Another session where I don’t look for shorts as the sentiment setup coming from my metrics doesn’t seem to show any major issues for bulls (that does not mean i expect clear sky ahaed, i simply do not look for shorts today).
Scaling into longs.
Major (static) support levels at 5217 and 5190-5184 zone.
Major resistance 5280 area.
Minor resistance 5265 area.
This is FOMC session!
Notes/Observations/Issues:
Lots of bearish sentiment on my fintwit feed.
BTC broke out lower from current value. There is still some time to form cyclical bottom in that pullback but i will start to monitor new, forming values and potential breakout to the upside for re-enter with larger engagement.
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).