11/28/23 NAS Daily Outlook #NAS #DailyOutlook We took the PDL and traded into the 4H+FVG then bounced off of it as projected. We traded into and off of the W-FVG(L) again. I personally didn't catch this one from focusing on SPX's choppiness. We set the high PDH inside of the W-FVG and the low PDL inside of the 4H+FVG and left SSL inside of the NY open...
11/28/23 US30 Daily Outlook #US30 #DailyOutlook No trade today! Too choppy for my liking and the price is just ranging to with entries that don't meet my requirements. We took out a PDL and tapped a PWH and made a PDH. We took liquidity from both the long (BSL) and the short side (SSL). Our closest HTF POI is the W-RB/D-OB and we're in the wicks but we...
11/28/23 SPX Daily Outlook #SPX #DailyOutlook: We made the low of the day during the over night sessions. There was a NWOG that was left on Sunday and this is where price has been reacting during the NY open session. The PM sessions fell down into the 4H+FVG(H), TDO and D+OB(H) then pushed into the NWOG. There was also a bounce in the London/ Pre Market...
11/26/23 DXY Weekly Outlook #DXY #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
11/26/23 SPX Weekly Outlook #SPX #WeeklyOutlook: Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
#NAS #SPX #US30 #DailyReview #DailyOutlook In the over night sessions, price was the smoothest on the indices, as the price failed to take out the PDHs on SPX and US30. NAS tapped the PDH and traded above it only to move back into the previous day’s range. The #fomc meeting notes and Treasury Secretary Janet Yellen in the afternoon seems to have held up up for...
#DXY #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#SPX #WeeklyOutlook: Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#NAS #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#SPX #DailyReview #WeeklyOutlook: Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment...
#US30 #DailyReview #WeeklyOutlook Took out the PWH and traded into a W-FVG up to the mid point at 34300.6. The 1H/4H+FVG is sitting right at the W-FVG(L) at 34098.9 and if we move up this is likely where I may look for a move up. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will...
Weekly Chart: We gapped up last week only to trade near last week's high and into the W-FVG(MT). Price failed to continue the move up. We are down for the month and this week's candle has opened inside of last week's candle. Staying bearish for now with last week's low at risk PWL and 10/2-10/6 PWL as well. Getting a bullish short term move into the last up...
Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low. Traded into a +POI (W+FVG), wicked near MT at 4236.6 Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A...
Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and...
Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8. Weekly idea: Price took out lows into the W+OB but...
I am interested in this 15 minute Order Block tucked away in the middle of a 1 hour Order Block. I would wait for confirmation if price reaches the level. Price might rally to clear the PDH and liquidity resting through it in a slanted angle. I don't believe price will drop much further below the Previous Day Low (PDL). If it does, it will be retracing a daily...