Quick Trade Idea.
Crazy bullish move we've seen Friday, even carrying into today. And I believe this move can continue for just a short period of time before we start to see the next wave of Bearish movement.
I have a hourly resistance i have marked off at 35,875, which in this case would be an area of liquidity because this is our last swing high.
This week we also have news Unemployment rate & Inflation/Cpi data. With the crazy number of new jobs they've put into the markets on NFP I truly believe we can see a rise in inflation just based off the fact alone that more jobs equals more wages needing to be paid - which increases inflation.
This is just my personal idea, Trade Safely!
Crazy bullish move we've seen Friday, even carrying into today. And I believe this move can continue for just a short period of time before we start to see the next wave of Bearish movement.
I have a hourly resistance i have marked off at 35,875, which in this case would be an area of liquidity because this is our last swing high.
This week we also have news Unemployment rate & Inflation/Cpi data. With the crazy number of new jobs they've put into the markets on NFP I truly believe we can see a rise in inflation just based off the fact alone that more jobs equals more wages needing to be paid - which increases inflation.
This is just my personal idea, Trade Safely!