Keep alert fellow traders as the Full Moon is due tomorrow morning at 2:11 AM. I suspect the lunacy will begin in Europe and filter through to the North American sessions as the day progresses. I will be staying up all night to witness it. Things have already been a little crazy today.
Watch your trading methodologies closely for confirmations of directional moves. Those tradeables that have been in congestion may break out and those in trends may begin reversals tommorrow.
I am closely watching the US long bonds, Euro futures and the S&P. This could be the beginning of a long-standing directional move.
My initial interpretation is:
Bonds will move down
S&P will move up strongly.
Euro will move down.
Of course, I will go with the cycle that presents itself and not fight a higher power.
Watch your trading methodologies closely for confirmations of directional moves. Those tradeables that have been in congestion may break out and those in trends may begin reversals tommorrow.
I am closely watching the US long bonds, Euro futures and the S&P. This could be the beginning of a long-standing directional move.
My initial interpretation is:
Bonds will move down
S&P will move up strongly.
Euro will move down.
Of course, I will go with the cycle that presents itself and not fight a higher power.