Thoughts for Thursday 3/30/23

Night session volatility increases with PCE in focus.

Hello traders, Here is what we had posted yesterday night. Lately over night session has been showing more volatility than usual while RTH session mostly is in 10-20 point range at most.

Futures Trader @FutureTrader400

Hello traders. Night sessions are where most points are available on ES Futures so far this week with mostly 10 point range in RTH until power hour. We stayed mostly out first few hours of RTH with defined chop area and longed last hour where ES closed right around expected 60… https://t.co/wD6OEqjqg3

Econ Tomorrow:

08:30 EST PCE, GDP (QoQ) (Q4)

08:30 EST Initial Jobless Claims

15:45 EST Treasury Secretary Yellen Speaks

16:30 EST Reserve Balances with Federal Reserve Banks

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 short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels 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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