Fundmentals: Large institutions are shorting treasuries. In doing so, this is driving yields higher and sending the dollar higher. This incites that the market is betting that rates are going to increase. So this is why the dollar is on one heavy run and indexes are moving lower. This is also why you are seeing commodities and assets that hedge against inflation still shoot higher. its actually paradox caused by inverse in the yield curves.
This is new information i learned overnight. As a result this is why im trading without a bias. I am watching the lows first as price is trying to aggressively price into it.
For now it is very tricky to trade these markets. My eyes right now we have strong buyside above and strong Sell side below. Im using the 4H FVG + Breaker as guidance and 4h Bullish FVG as guidance. No bias right now but I gun to my head i would like to see us buy hard. Either way we will find something trading live tomorrow
We want to see it trade up into the 1H FVG and then trade into the equal lows at 2714.. Our eyes are on 2714 trade should open up here in the next few hours
Looking at the D highs weve created SMTs at the highs.. Therefore, i will retract my bullish narrative in the short term. For now we will wait sit on our hands and see how price delivers. Our eyes are on the equal lows on NQ and ES. I expect price to deliver there into tomorrow