Opening Play for Wednesday 4/24/19

April 23, 2019

Good Morning Traders!

The ES had a 3 bar triangle going into todays market. The ES proceeded to have an open drive and finished the session just off their highs moving into tomorrow. Traditionally after a trend day we expect some consolidation and price acceptance going into the next day which we refer to as the Z day.

Also worth noting is the Russel, which has 1594.20 as the swing high level to watch for above.

The Euro FX underwent selling today which pushed the price to a new 20 day low setting up the potential for a turtle soup trade which is shown in the attached chart below.

 

Make it a great day!   Linda

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