Don't sleep too deeply tonight, a wave of decline is getting ready to drive!
Tonight, the initial jobless claims will be announced, and at this pace, the market has basically already leaked the news: it is going to drop!
From the daytime trend, the overall situation is that it can't rise, and it's weak in sideways fluctuations, with funds watching and chips loosening, a clear signal to hit the market.
At such times, once the news comes out and sets the tone, it's a gas station for the bears. The trend has basically made it clear: it won't stop until it drops completely.
Don't rush to bottom-fish; wait until it's done dropping before talking.
If you're shorting in advance, remember to set your take-profit; when the first wave hits support, run.
Watch the data reaction; if it's leaning bearish, it's fine to follow the trend and short, just don't go against it.
Tonight, the market is likely to crash; the data is just a fuse, the direction has already been chosen, get ready to feast on this tailwind.
Don't be greedy, don't hesitate; when the market doesn't give opportunities, the news will lend you a hand.
