Right now we don’t have a clear bias so we wait for the Opening Range.

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<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Live tape reading / Dow theory / Market efficiency paradigm /

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If we go below these 2 levels on DXY, then Risk ON will be back for other assets.

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The benefit of tape reading like this is that you can identify the times when the market is most likely to be choppy as outlined here today based on the Daily TF. You have to nimble in these kind of conditions. The moves can be very short lived. They can go to old H/L or Imbalance, but then it would immediately run to the middle of the range. Middle of what range? Look here..

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If we break above those highs, we want to see what is price going to do. Will it pause and continue higher or break aggressively lower and attack the Sell side.