NAS Outlook 5/8

Bearish on indices this week. Expecting CPI expansion lower. Here are the levels I find interesting at the moment.

Comment:

long from the 1 HR FVG, aiming for a new recent high for the week.

Comment:

reducing risk after that low was put in.

Comment:

going break even

Comment:

forward testing position added.

Comment:

stoploss moved into profit, below the weekly open price.

Comment:

TP1 hit. forward testing trade would have been profitable.

Comment:

remaining position stopped out in profit. trade collapsed.

Comment:

*slow clap* well played, well played.

Comment:

in a NAS short, a previous attempt was stopped out.

Comment:

if im wrong ill be a little wrong, but if im right i expect to be a lot right.

Comment:

my stubbornness might just pay off today.

Comment:

You can expect bigger expansion on news because of all the fear and greed in the market, people scrambling to close positions that are on the wrong side only adds to price driving harder against them

Comment:

looking for price to close with conviction below the weekly open on a 1HR or higher timeframe.

Comment:

forward testing position added. but I dont trade on this small of a timeframe live.

Comment:

lol. nice.

Comment:

there we go. was that so hard?

Comment:

hourly did not close below the weekly open as I was hoping for. If you follow my trades (i explicitly ask not to treat this as a signal service) this would be a good place to close the trade and secure profit.

I will be holding. But i am comfortable watching price return and stop me out at break even.

Comment:

Stopped out break even. tough luck.

Comment:

in another short, medium completion confidence.

Comment:

its beginning to look better. NYSE will decide.

Comment:

Looking for an ICT "sick sister" schematic, US30 and US500 have both expressed bearish price action and are trading below their weekly open price. NAS is lagging behind. The expectation is that NAS will fall and the 3 will trade in tandem.

Comment:

added another position at NYSE open.

Comment:

stoploss at break even.

Comment:

giving SL a bit more room.

Comment:

going back to break even. Wont be moving SL any further back into risk as price puts in a new low.

Comment:

The techincals are lining up for a big drop here. give to Caesar...

Comment:

still holding, but this 4H OB is what is keeping price up. for now I still believe it does not hold.

Comment:

still holding. I really just dont think NAS built like that.

Trade closed: stop reached:

**Narrator** NAS was in fact "built like that"

Comment:

giving the NAS short one last go.

Comment:

closed manually