It’s been a day where market volatility took center stage, forcing us to pause, breathe, and observe rather than jump into impulsive trades. While traders came into today with a buy bias on US30, the charts had a different plan. Multiple breaks of structure to the downside made us question our stance. Across the board, we noticed unusual behavior in US indices like US30, US100, and S&P 500, and they weren’t correlating as expected.
We emphasized technical analysis on pairs like EURUSD, NZDUSD, and USDCAD, all showing interesting setups. On EURUSD, we’re watching for a retracement into key zones before continuing the downward move. NZDUSD is in a similar structure, giving us potential sell continuation trades once it hits predefined levels. For USDCAD, the bias leans toward a retracement and then a move upward if the levels align.
Today’s hesitation wasn’t just about price action. Rumors about Federal Reserve leadership changes and potential news involving President Trump stirred up uncertainty. We’ve seen how this type of news flow affects markets in the past, and there’s no point guessing. So rather than reacting emotionally, we’re letting the market give us confirmation.
On the indices front, US30 presented mixed signals. While the daily chart holds a bullish tone, the lower timeframes are showing weakness. We marked a potential sell zone using a box pattern and noted a fair value gap, which could act as a magnet for price. US100 remains strongly bullish, both fundamentally and technically, but even that didn’t offer a clear opportunity. The S&P 500 also echoed the same conflict, presenting a box pattern that may open up selling possibilities but no solid confirmation just yet.
In short the market is neutral and we’re treating it with respect. There’s power in knowing when not to trade. The smart move is to wait for clearer direction, reassess by 2:30 PM (NY open), and stay glued for updates in the VFT community.
We’re holding off on entries until then especially with the indices because the usual correlations aren’t lining up. This is part of the discipline we teach in our trading bootcamps and live sessions: patience, structure, and strategic bias updates.
We’ll reconvene at 2 PM (GMT+1) for another Market Colour LIVE session to see what the next move might be.