Bias & context
Range-to-slightly-bearish intraday while price remains capped under 6,900–6,906. A clean 15m body close above that “gate” shifts bias to the upside toward 6,940→6,985. Lose 6,852–6,860 on a 15m body-through and the path opens to 6,805→6,756.
The key levels remain unchanged.
Setups (15m→5m→1m)
Rejection Fade at 6,900–6,906: tag and 15m close back below → use the first 5m re-close lower and enter short on the 1m pullback; TP1 = 6,860, TP2 = 6,805, TP3 = 6,756; hard SL = 15m wick high +0.50.
Acceptance Continuation through 6,906: 15m full-body close above → buy the 5m pullback that holds; TP1 = 6,940–6,955, TP2 = 6,968–6,985; invalidation = a 15m close back inside ≤6,900.
Quick-Reclaim Bounce at 6,852–6,860: sweep and instant reclaim → long back toward 6,900 “gate”; if the reclaim fails, stand aside and wait for the body-through short.
Exhaustion Flush Bounce at 6,748–6,756: only on a fast flush; first-touch responsive long back to 6,793–6,805; invalidate on a decisive 15m body-through below 6,748.
Kill-zones (ET)
NY AM 09:30–11:00 primary execution window; NY PM 13:30–16:00 continuation / reversal window.
Calendar & shutdown check
JOLTS (Sep) is scheduled for Tue, Nov 4 at 10:00 ET, but BLS warns releases may be delayed during the shutdown. Treat this as tentative.
ADP National Employment Report (Oct) is Wed, Nov 5 at 08:15 ET and is unaffected (private release).
ISM Services PMI (Oct) is Wed, Nov 5 at 10:00 ET and is unaffected (private release).
Census/Commerce releases on Tue (Trade Balance, Factory Orders) are on the calendar, but federal data dissemination is paused under the shutdown; expect postponements.
Major earnings Tue, Nov 4 (pre-market) include SHOP, UBER, PFE, SPOT, ETN, RACE, APO, MAR, TRI, ZTS, MPC, MPLX.
Management:
Instruction notes: only take plays where TP1 ≥ 2.0R using the 15m-wick stop. At TP1 close 70% and park 30% at BE; runner aims the next level. No trailing before TP2. Max 2 attempts per level per session.
Range-to-slightly-bearish intraday while price remains capped under 6,900–6,906. A clean 15m body close above that “gate” shifts bias to the upside toward 6,940→6,985. Lose 6,852–6,860 on a 15m body-through and the path opens to 6,805→6,756.
The key levels remain unchanged.
Setups (15m→5m→1m)
Rejection Fade at 6,900–6,906: tag and 15m close back below → use the first 5m re-close lower and enter short on the 1m pullback; TP1 = 6,860, TP2 = 6,805, TP3 = 6,756; hard SL = 15m wick high +0.50.
Acceptance Continuation through 6,906: 15m full-body close above → buy the 5m pullback that holds; TP1 = 6,940–6,955, TP2 = 6,968–6,985; invalidation = a 15m close back inside ≤6,900.
Quick-Reclaim Bounce at 6,852–6,860: sweep and instant reclaim → long back toward 6,900 “gate”; if the reclaim fails, stand aside and wait for the body-through short.
Exhaustion Flush Bounce at 6,748–6,756: only on a fast flush; first-touch responsive long back to 6,793–6,805; invalidate on a decisive 15m body-through below 6,748.
Kill-zones (ET)
NY AM 09:30–11:00 primary execution window; NY PM 13:30–16:00 continuation / reversal window.
Calendar & shutdown check
JOLTS (Sep) is scheduled for Tue, Nov 4 at 10:00 ET, but BLS warns releases may be delayed during the shutdown. Treat this as tentative.
ADP National Employment Report (Oct) is Wed, Nov 5 at 08:15 ET and is unaffected (private release).
ISM Services PMI (Oct) is Wed, Nov 5 at 10:00 ET and is unaffected (private release).
Census/Commerce releases on Tue (Trade Balance, Factory Orders) are on the calendar, but federal data dissemination is paused under the shutdown; expect postponements.
Major earnings Tue, Nov 4 (pre-market) include SHOP, UBER, PFE, SPOT, ETN, RACE, APO, MAR, TRI, ZTS, MPC, MPLX.
Management:
Instruction notes: only take plays where TP1 ≥ 2.0R using the 15m-wick stop. At TP1 close 70% and park 30% at BE; runner aims the next level. No trailing before TP2. Max 2 attempts per level per session.
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.