Markets rallied over 3% today after optimism of a decrease in reported cases of coronavirus. Talks of oil production cuts sent prices surging in to the close as it wrapped the day with CL +10%. Many investors are expecting another retest in previous lows around the 2300 area but it seems traders aren’t willing to wait and keep piling in to the market with FOMO. We’ll keep trading our models to find the best setups.
Our models are setting up a flip for KC which is currently long. Double your entry order to close out and enter short if it fills then make sure to cancel your previous STP for the long entry.
Our EMD order was filled last night and is now active.