Market Closing Date: Thu 21/06/2018
FridayProfit taking day. If we see a strong Thursday (trend day) look for a weak session with selling coming in early - mid morning. Best day for the closing gap. But only UP gaps. Avoid the down gaps on FridayEXPIRY DAY – Can see big moves develop after this event. Or key trend changes in the market. If very quiet look for the move to come in first thing on Monday and apply P D S system.Triple Witching – Look to fade any moves greater that 20 points back to the 20 point mark.Non-farm payrolls days – Closing gap usually fills before the news.Additional points on NFP - Unlikely to trade over key levels of support or resistance if the market is already over bought or over sold. Traders will be waiting for the news before waiting for a break out.Apply the Tunnel system for the NFP event.Not usually a trend day – More likely to be a consolidation day. Look to trade the overnight range.