
Greeks.live|Mar 19, 2025 12:09
http://Greeks.Live Community Daily Digest
Published: 2025-03-19
Overall Market Sentiment
The group is predominantly bearish with most traders believing the overall trend is still down despite choppy price action. Traders are watching the 83K level as critical while anticipating FOMC's potential impact on upcoming price movement.
Choppy Market Conditions - Taking Quick Profits
• Market characterized by low conviction trades with scalping opportunities only lasting around 15 minutes
• Traders advised to take profits quickly as current price action is described as extremely boring and toxic that will "get people washed"
• Anticipating a scenario where price may wick to the upside before volatility falls off heading into Friday
• FOMC announcement expected to create a potential pump and dump scenario that could bring temporary relief
• Contrasting opinions on whether current opportunities in this environment are "huge" or just low-probability gambles
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