Yesterday Post was accurate with daily forecast. Today is Friday, pre Holiday week and rolling into a Monday of a Holiday week. This is usually low volume, long bias upward type games. The NAZ is stuck inside yesterday's Open Range, rejected at KL 15920 and staying above yesterdays KLOD (15873). Here is a fact, the O/N Pre Open Futures volume is typically 100,000...
Indexes, in particular the Nasdaq are looking very strong and continuing to hold after the enormous pump.
Notice how we can consider both the pump and bearish wedge together.
The bearish wedge was very choppy with very shallow lower lows.
And that could have Pattern Separated into an upside shakeout followed by a dump, but this big pump really shows that the...
Based off of current levels, I have a prediction of choppyness before deciding which direction. The spy Has one higher level to take out before having a for sure direction
NAZ is surrounded by FA's and no O/N Prop, what do you think is next. Pop/Drop would be white arrow and any stall out at KL's may send it the the lower FA Zone. Drop/Pop would be the yellow arrow and the drop may not get a pop. KLOD is 15873 and Mid O/N is 15861. I will update on Teams.
NQ had a big follow through week after the previous week's 6.42 % gain and finished up another 2.61%. NQ broke the downward trendline and closed above the Oct 12 pivot confirming a higher high. From a higher time frame perspective last weeks move also confirmed a successful retest of the Aug 16th high breakout point. The July 19th high is now in play.
Chop to be...
Daily: there is a BISI where price is currently finding support
4hr price has taken out asian low/ sell side liquidity, also seen on the 1hr
15 min price has broken short term high creating a FVG and order block that will be a area of interest for longs
Since Friday's 400 point U Turn day we have had a sideways Monday and a 225 point 2 minute O/N lift followed by a narrow Regular Session with another 95 point O/N lift. The Failed Auctions below (orange zones) usually get retested and are targets for a pull back or drop/test. We have been taking out FA's all the way up from most recent low. Limited selling...
daily: CPI news caused the price to rally higher closing with a 2.14% gain expecting the price to continue to take out the 16062.00 level of buy-side liquidity
4hr: the price is still in the premium of the bullish trading range, we traded back down and re-tested 4hr BISI,
1hr: price swept PDH I would want to see sell-side liquidity taken preferably from the 2...
