<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Today we're talking about narrative / avoiding problematic trading conditions. / 2 High impact news drivers / Large wick C.E. / Terrorist attack / Small Fish / Time Distortion / Market Making / Smart Money vs Street Money narrative
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There are two economic drivers that are coming out today. The first is Core PCE Price Index at 8:30am and Revised Consumer Sentiment number at 10:00am. We'll probably see some volatility around the 10:00 hour. So, you'll probably get a pretty good Silver Bullet set-up during the 10:00 to 11:00 hour.
On Thursday, what we would see is price retrace and move higher, seeking the buy side. Why? Because they're going to set traps for traders who think that this is going down now, because they have all these days behind them where it's gone down. So, now they finally get into the mindset that okay, it's going to go lower. Now SM will send price higher and leave them confused.