Traders, Going into today’s globex session Oil and Tesla were in focus. We had pretty good script posted yesterday for Globex. We had posted to go long against 24 which worked out great if you longed at 2 am EST in the morning producing 12+ points. We missed long against 4134 at RTH open though. We tried short against 42 which did not work. Then tried short against 52 which did not pay as only dipped up to 46. We shorted again against 46 on move back from 56 with price moving back to 28. We went long against 34 which paid us +6 and then we shorted 42 couple times to get +6’s. Once Bulls took over 42 we stayed on sidelines.
Econ Tomorrow:
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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