Tuesday 3.07.23 Review : Tuesday Globex went sideways all night building up supply under resistance until it finally broke before RTH giving us a break under 4030-25 and acceptance into 4025-3976 range and a move into Potential Daily Support for the Day. We did hold 3994-90 level yesterday but we did a full break of this Daily 4012-3890 area which told us...
Monday 3.06.23 Review : Globex pushed us into the resistance area at 4061-56, RTH Opened on Gap up and buyers came in for continuation, we hit our upper early in the day and then consolidated below it. 4084-77 was our key area for continuation higher and we failed to take it out and showed weakness at it instead, until we built up enough Supply which gave us...
Friday 3.03.23 Review : Friday Globex consolidated at Previous Day High, took the stops at night and we opened on a gap up over Previous Day High in RTH. Failed to closed the gap and gave a push towards the upper resistance target and a move above it into the next Supply area. Monday 3.06.23 Prep : What are our options today, Will this move higher hold...
3.02.23 Review : Globex broke 57-44 Support area and was holding under before RTH signaling weakness but that and 32-27 were important areas to stay under and break, RTH Open failed to break 32-27 then we got over 3944-40 and per our morning prep IF we hold 32-27 and managed to get over 44-40 and hold that opens the door for higher resistance target and we...
3.01.23 Review : Wednesday RTH Opened under 3976-71 which signaled possible move to our lower targets, we did do a full break of our 3957-44 Support area and tagged our target but did not see the full move down towards 3931-27. This is area of cost basis for size traders so we expect to see balancing action and buying around our Support areas, especially on...
2.28.23 Review : Tuesday Globex made a push back inside Previous Daily Support area of 4012-3990 before RTH where we found Supply and got our move towards 3976-71 where we found buyers first time around but managed to break it towards end of day. 3.01.23 Prep : Was end of day flush yesterday a move to take in more supply at lower prices and we can hold...
2.27.23 Review : Globex pushed us back inside Previous Daily Support at 4012-3990 and we pretty much spent the day inside it with a look above and come back in, look below and end of day break but we still closed inside it. 2.28.23 Prep : Is 4012-3990 our Daily Resistance now or will we be able to stay inside it and push back out? We have Supply over...
Friday 2.24.23 Review: Globex took out Daily Support and our 3976-71 Key Level for continuation before RTH and that gave us a flush down to our next potential support area, the way we opened it seemed like we could see continuation under that next Support but it was our first test and we didn't have enough to break it even though we were under T2 and Previous...
2.23.23 Review : Thursday Globex spent time building structure over our Key Daily Support, RTH Open made an attempt at our 4030-25 Key Intraday Resistance area for the day and failed giving us a very nice trade towards our Daily Support. After we broke 4012-08 we broke structure that was built over it and we got more selling hitting out 3994-89 target and...
2.22.23 Review: Wednesday Globex failed to continue lower, RTH Opened and failed to accept over 4012-08 and that gave us a test of 3994-89 bottom of our Daily Support where we found buyers on the first test. It was FOMC Day but things were still moving well. We did get another test and full break of 3994-89 which tells us we have supply but I think because it...
2.21.23 Review: Tuesday Globex made a move under Previous Day Low and our 4061-56 Support. RTH Opened, filled the gap and got continuation lower into our next Daily Support at 4012-08. The way we opened/drove made me think there is a chance to break Daily Support but market held after the break and that tells us that selling is still mechanical and that its...
2.16-17.23 Review: Thursday we failed to continue over 4170 and failed to hold 4143-37 which gave us a move to our lower target down at T2 low and a break of 4103-4099. Friday we opened at potential support area and were able to hold it during the day due to short covering before the weekend with a move back towards potential resistance towards the close but...
2.16.23 : Will not be trading next two days so will be brief. We are again over 4143-37 but failing to get over 4168-62 Resistance which is Key for continuation higher and staying in this 4215-4140 area. Today our Key levels to watch stay the same from yesterday but we have been building up under Resistance all night now, we do have data coming this morning...
Wednesday 2.15.23 : Yesterday after CPI it looked like we could get our continuation lower after we took out 4123-19 Support but we failed to even tag 4103-4099 Key area for entrance back into T2 range where short covering came in and gave us a push back over 4143-37 telling us there is still good Daily Support in that area but the move higher failed to...
Monday 2.13.23 Review: Sunday Globex pushed the market over our 4103 Resistance opened above it and we got a long move towards our supply area which is telling us there are still buyers at the cost basis at 4084-77 but even with both attempts over 4143-37 Resistance weren't as strong and didn't give much continuation or rejection, which so far tells us that...
Friday 2.10.23 Review: Friday we marked off this 4100-4075 area as our potential balance we needed to get out of for any continuation because we had our cost basis Support around this 4084-77 area. Globex did break the consolidation and flushed us down to next level down which we failed to break RTH pushed us back over 4084-77 Trapping morning shorts for...
Thursday 2.09.23 Review: Globex made a move over 4143-37 Resistance into next resistance at 4168-62 where we failed to hold and once RTH opened we corrected inventory back under 4143-37 and held under giving us a signal for short trade towards lower support targets 4123-19 // 4103-4099 // 4084-77. The way the day started was thinking that there is a chance...
Previous Day: Globex built out structure over 4168-62 but did not have enough buyers to get us to our Key Resistance area for the day and once the structure broke under 68-62 we got our move lower in RTH down to 4143-37 which broke easily and opened the door for lower targets and a bigger sell off but instead it took us half a day to pull back and take...