Yesterday in my analysis,
I said that I was favoring a move to the downside...
Here is one of the reasons, on monday the CME chart opened with a gap and the market was not showing a willingness to move higher.
Instead we consolidated.
Yesterday we filled the gap, and for me this is still bearish.
Today we have the Fed Powell speech, and that's I high Impact event.
That's why the market is consolidating...
So I will be expecting some big moves today by 11am EST.
Trade according to your analysis and use sound risk management.
I'm still holding my short position 😊
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