FreddyFutures

FreddyFutures Updated 

There was a huge Gap up on the open for this week, which I have noted on the 15m Time Frame. This Week's Gap lines up with Last Week's Gap and that will be my hard line in the sand. If Price was to break this, then we will be going lower. But, I think Price will bounce off it and extend higher towards 3920 first. Stay Tuned...

FreddyFutures

First, it is NFP week. The Market is more unpredictable because manual intervention will take place. Please be aware of this when trading. Second, I'm looking for Consolidation, Manipulation, then Distribution. Initially, the market has consolidated. Next, it will drive higher, liquidating all the Bears' Shorts built in (the three levels I noted) and making the...

FreddyFutures

This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it...

FreddyFutures Updated 

I'm looking for Price to drop from this level to 3780 still. The gold arrow indicates my first thought and the red arrow indicates my second thought of what Price will do. There is a Medium Impact News release at 08:30 EST , Unemployment Claims , that has my interest on WHEN this move is likely to unfold. Stay Tuned...

FreddyFutures Updated 

Price is looking good to go lower. It hit off the a HTF (Higher Time Frame) FVG (Fair Value Gap) creating SMT (Smart Money Technique) and proceeded to drop lower. Unless Price trades above my LLD (Last Line of Defense), Then I believe 3780 is more likely.