Well nothing to say really except this:
Markets are still in consolidation. ES is close to ATH for 8th consecutive trading day. Price is hovering around 2265 HVN.
Similar on NQ. Similar on DAX... etc.
There are no larger sellers whatsoever (for now), every dip is bought and status quo is remained. That can't last forever because all of this shitty PA is preparation for directional move. These consolidations can last longer, like 20-30 trading days, like we have already seen last year in July/Aug. No breakouts or breakdowns untill every news is processed, i.e. Davos and all (ECB today), and market will ignore all news except the really important ones. For example, I expect tomorrow markets to ignore all Chinese data until Trump speaks. He can shake market... until then, I am really piky about trade location and targets are smaller, given the fact that daily ATR dropped significantly from November - DAX had 140-180 points ATR, while now only 105.
Hope is dangerous in this game.
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