u30 had a previous bullish week breaking the lower high 09/12/22.I believe this week we can forecast a retest of the highs of 08/26/22 . For this reason I am expecting a consecutive bullish week. However if interest rates are raised I will short during a LOKZ or NYKZ. Short-term short during NYO most likely depending on how the markets present itself and paints its candles over the next week. u30 has swept buy-side liquidity and if interest rates are raised I could forecast a target to sell-side liquidity because it previously ran buy-side on Friday 10/28/22 after a strong bullish rally .Let price deliver itself towards liquidity, do not chase price nor a trade. This week is big, a 4H bearish order block price is mitigating at (32957) price will either seek higher bearish order blocks or will price reject and the previous delivery of price was just a sweep on liquidity. Confirm your confirmations entry strategy, and risk management then you may possibly look for shorts.
Scenario 1: Interest rates are lowered tomorrow and u30 becomes bearish .
-Shmi
Scenario 1: Interest rates are lowered tomorrow and u30 becomes bearish .
-Shmi