The Market Brief
U.S. futures edged higher following the S&P 500’s new record high, as investors appear unfazed by worries over the recent government shutdown.
Macro Viewpoint
Attention is on the economic data blackout caused by this week’s government shutdown, as the Labor Department has halted nearly all operations, meaning the September nonfarm payrolls report won’t be published on Friday.
Meanwhile, expectations are building for the Federal Reserve to announce an interest rate cut at its October meeting, following Wednesday’s ADP report, which showed a decline in private payrolls last month.
Field Of Vision
In today’s brief, we’ve authored an article with in-depth insights on how we forecasted the EXACT follow-up the market made yesterday that trapped a lot of new traders in the process, triggering one of the biggest short-covering rallies in recent weeks.
From the pivot lows we shared to our profit-taking target at all-time highs, this was a 90-point opportunity to ride and book profits at the absolute session top.
The video below shows our context and the time we shared our market context and pivots. Pause the video when necessary. Template used is from Sierra suite.
Learn the EXACT data points we were looking at hours before the fact by becoming a Subscriber.👇
Develop better context and create a robust entry model by understanding all the market nuances we share on a daily basis. This will help you build the market understanding that most traders lack.