Hawkish Outlook - ES E mini S&P500 NQ NASDAQ 100 Premarket Trade Plan - The Pit Futures Trading

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Powell was a Hawk yesterday indicating larger hikes and higher terminal rates for longer and the ES and RTY were in sell mode but the FAANG+ stocks were incredibly tough to break which I think held everything together. Now we are in for day two of testimony and will see if Powell walks back his Hawkish statements and becomes more of a Dove. Either way this is what will move the markets today. Small size and wide stops advised.

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