It looks like we had a complete meltdown of S&P over Asian and London open sessions. My attention is now on the imbalanced price range below the August low. If we see support there I’ll be looking at adding new long positions.
Similar to S&P follow up I’m anticipating bounce to the upside either straight on Monday with possible spike to the downside to take out the Friday low before pushing the price up or we might see further push down to 34000 level. If we find support my first targets will be buy stops and higher up imbalance with final targets August and September highs.
Following up on my last week analysis the price retraced as anticipated. The August buy side imbalances have been rebalanced with Friday candle closing within the indicated imbalanced price range. My anticipation for the coming week is that we might see the price bouncing immediately to the upside on Monday or another push lower to close the gap either on Monday...
For the coming week I’ll be looking at the price to retrace to one of the indicated discount price levels. If we find support I’ll be targeting buy stops and then September high. For any short time short trades I’ll be targeting sell stops and fully scale out at the imbalance price range. We’ll see how it plays out this week.
Similar to my S&P analysis, I have two levels that I’ll be looking at to add long trades on 5m chart if we see a bounce to the upside. With Dow we have nicer high liquidity areas than S&P, where price delivery algorithm will want to reprice and take out those who are short on Dow. We’ll see how this one plays out but it’s a good chart to study.
I was expecting a deeper run yesterday to rebalance the rest of last month imbalance, which we might see today, however for now I’m looking to enter on either these two levels and dropping down to 5m timeframe for entry. To scale out I’m looking at the last week highs and then September high. We’ll see how it plays out this week.
Similar to S&P, I have two price levels I’ll be looking out for support and to add new long positions. The buy side imbalances from August have been rebalanced so my focus is on the Gap and low discount level.
I’m looking at the three price areas to add new long positions if I see any of them providing support. It looks like the price is retracing to discount levels to rebalance last month buy side imbalance.
We had a pretty much range-bound market this week so I'm looking at two price levels to add new long positions intraday and scaling out at previous short term highs. My first level is just below the market close and the second is just below the Friday low, we'll see if we have a reaction to the upside of these two levels.
We can still see leadership with S&P and Nasdaq where Dow formed deeper retracement into lower discount price levels, so now I'm anticipating Dow to rally to higher prices with liquidity flow to the upside to catch up with the rest of the markets. I've indicated three price levels where I will be looking at adding new long positions if we see a reaction from any...
My weekend Dow Jones analysis played out to the script again. Now I'm looking to add more long trades from these levels, and targetting old highs, specifically, Target 2 which has a lot of retail stops, so my focus now is to see if the price engine will want to reprice to Target 2 and take out retail stops. Friday Nonfarm Payroll news release should be the drive...
Like my other two analysis with S&P and Nasdaq, I'll be looking for the price to retrace and rebalance last week Gap and buy-side imbalance. If we see bounce and change in price delivery to the upside I'll be adding more long positions on the lower timeframe.
Similarly to my Nasdaq analysis, my focus will be to see if the price will fill in any of the two buy-side imbalances and if any of them will provide support. If we see some bounce I will be looking to add more long positions on lower timeframes. We'll see how it plays out.
I will be looking to see if the price comes down during Tuesday / Wednesday to fill in some of the buy-side imbalance. If this price range provides the support I will be looking at adding more long positions on a lower time frame and targeting 14500.