The Market TANKS After Trump Tariffs… Is this an Over Reaction?
04-02-2025
Traders,
Let’s take a look at what the markets did on Wednesday.
The markets shot up like a rocket at the open and kept going up with a slight pull back at 1PM.
After the close, Trump’s tariffs went into effect.
The ES decided to take a nosedive and sell off all the way to 5PM Eastern.
At 6PM, the market’s gapped down 0.6% but it looks like price is trading back towards the opening gap during the Asia session.
I want to keep my eye out on the NDOG or the New Day Opening Gap to see where price is at the open.
If we’re above the NDOG, we can perhaps see some limited bullish price action.
I don’t expect the markets to much much tomorrow as there are 2 High Impact news events on Friday, NFP and FED Powell speaking.
We can potentially see a slightly bullish to sideways day tomorrow.
This will set up the large move on Friday.
We did not issue a Game Plan on Wednesday and stayed out.
However, we did call out some winnings trades in our afternoon, day trading session in Trade To Close.
I have a FREE 7 Day offer for Trade To Close if you want to trade with me.
This is a time where I talk you through what I’m seeing live and call out potential trades.
So don’t miss out !
The game plan tomorrow is to potentially sit on our hands and just watch.
The smart thing to do on NFP week is to either sit on your hands or size down on your positions from Wednesday to Friday of the week.
The price action is very erratic and unpredictable.
Until next time…
Voz