Expecting a pullback to the +FVG, then a rally back to the highs.
From External Liquidity to Internal Liquidity.
Am I right or am I right?
Let me know in the comments.
New record highs on indexes!!
The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself.
The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow.
I think we...
Last week we had record low volume on indexes as they drifted higher. There as a drought of news to move the market - and the volume was reminiscent of a holiday week.
Indexes
The DJI went vertical to fill the last weekly imbalance we had that was MOST in the premium of the swing.
From HERE - we are at a major deciding point. The weekly chart still is...
What a WILD week we had!
Last week was insanely noisy between the FOMC on Wed, NASDAQ:AAPL earnings on Thursday, and NFP on Friday. This coming week of May 5th offers very little in the way of news catalysts, so it will be great for us TA based traders.
So far, all of our weekly objectives have been playing out - and nothing has really changed from my perch...
Last week we got the YM1! backtest that I wanted on the weekly.
We rejected the weekly IRL and now I am looking to take out LOY on the Dow.
Dropping to the h4 chart, we can clearly see the market is now primed to drop. I am looking for a sweep of highs to begin the weekly sell program.
For those watching - we also got the 50% retrace of SPX on the...
Nobody will ring a bell at the top.
What a great selloff we had last week! I was expecting a pop higher for the sell but they just wanted to pull the rug on bulls early in the week it seems.
Pretty much everything got monkey hammered. Indexes and Oil slid while gold held in (for now). The great news is we now have a directional market to trade again - these are...
