Levels and Thoughts for Tuesday 3/7/23

Powell on tape.

Great day as outlined already in twitter post. Here is what I gave to sub stack subs yesterday nights. we stayed long mostly. except short in afternoon.

Futures Trader @FutureTrader400

Here is how we traded. Called bottom at 4042 in night session. Longed RTH open at 60, the again 70's twice got out of longs at 80's. We did get couple -2's in afternoon. #ES_F

Econ Tomorrow:

10:00 EST Fed Chair Powell Testifies

12:00 EST EIA Short-Term Energy Outlook

13:00 EST 3-Year Note Auction

I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play edges to short and go long after 2 am. But get out of the way if it rips thru edges and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.

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