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.
My first area for adding long is the imbalanced price range where we saw Friday reacting from. Over the course of Monday / Tuesday, I will be looking out for reversals to the upside. If S&P starts to go down and wanting to rebalance this range, I will be anticipating the next target to the downside to be the gap below the previous lows.
We saw a nice bounce off the discount level of the gap as indicated on the daily analysis. Now I'm looking at these two levels to go long and targetting last week imbalances.
The past week we saw a complete meltdown of Dow compared to S&P and Nasdaq, the leadership is still with these two markets. I have indicated two areas where we could see a reaction to the upside. The first area is the gap which will most likely be filled in this week and if we don't see a bounce of the first area, my next price range will be the imbalanced price...
it looks like Dow failed to make higher high on a daily compared to S&P and Nasdaq, so the leadership is in the two indices. Dow is dropping to discount levels to accumulate longs, so I will be looking at these three levels for reaction to the upside and adding longs on a lower timeframes. If these three levels fail my attention will be on the gap below previous...
My previous analysis played out as indicated, the all time high was the target. For the upcoming week I will be looking at the two levels for some reaction to the upside and adding long trades on the lower time frame. The first upper level is below Friday low and sell stops below it so the price engine most likely will be repricing there first for liquidity. If we...
The weekend analysis played out to the script, looking at adding long trade and scaling out at Target 1 and 2 levels. Both levels have nice equal highs so dumb retail logic of support and resistance. Let's pair our longs with their short stops ;) we'll see how it plays out.
I'm focusing adding some more long trades on the lower price range level, Friday provided equal lows which I'm anticipating to be the target first and then could see expansion to the upside from the lower price level. As always looking for adding positions on a lower time frames if we see reaction at these levels. We'll see how it plays out through the week.
Three price levels which I'll be looking at to add more long trades, which should provide reaction to the upside, adding entries on a lower timeframes. Targeting previous highs to scale out. We'll see how it plays out.
I'll be looking at adding new long trades around this price range. One of these two levels should provide reaction, and look for entries on a lower time frames. Targeting to scale out at around the previous daily high. We'll see how it plays out through the week.
Possible long trade idea, be mindful of today's news ;)
Similarly to Nasdaq, I'm looking at the price to close the gap which was created between Thursday /Friday and retrace down to the the levels as indicated. If we get nice reaction on the lower timeframes I'll be adding new longs and targeting the bottom of the wick as a first level to scale out and then the highest high. We'll see how it plays out.
Last week prediction worked out as expected taking out Friday low and running up on Monday, then we saw four days of side ways action. Now I'm looking at adding new long entries around the indicated levels. We'll see if we get some reaction on a lower timeframes to provide good R/R entry and scaling out around the previous highs.
I'm looking at long trade continuation, we will most likely see Friday low being taken out and see is we get the buy side imbalanced filled in, if we do get it filled we should see some reaction to the upside from the top level of Wednesday wick, we'll see how it plays out through the week ahead.
Price have bounced from a premium range of the gap on Thursday and reversed up, I'll be looking for the price to take out the previous high and then pull back to the last long accumulation price range. If we get a pull back i'll be looking for long entries on a lower timeframe.