I have not been following the market actively today so no clue for tomorrow. Today’s target was not met, missed by ~5 points and frankly speaking, bulls had more firepower than I expected.
Volume once again low, big money is not following this market (on vacation).
Below 1h & 4h /YM, expect further consolidation or down.
Trading suggestion: Non-volatile pullbacks = buy the dip. I have the feeling that this market is still uncertain and rise in volatility could come from any rumor so it is best to use smaller positions at the moment.
Macros: Obviously need to look out for US unemployment numbers tomorrow.
I’ll post levels in the morning when I have seen overnight futures.
**EDIT***
Also need to note that there has been a huge divergence in buy trend vs. price the last 2 days
15min spy
