6.25 9:39 AM

Analysis:
After a fake move to lure traders around 7:30 PM last night, the market then slipped into a one-way downtrend, breaking through multiple support levels in succession, indicating that the market maker has already chosen a direction. At 4 AM, Micron’s earnings report came in above market expectations. The market maker used the news to push the market up, sparking a rebound and sweeping out short-side liquidity. It’s now 9:30 AM. It is expected that the market will trade in a sideways range of 1610~1630 to form a mid-range pivot. From this level, price can move up or down, so it’s not a good setup for either bulls or bears. The market will likely wait until the evening release of key news to choose a direction. It’s recommended not to trade during the day, and to wait until tonight’s data release before deciding on a trade. @Gate_Square #