NQ ended last week very bullish. I would interested in OTE setups this week. All time highs easily in the crosshairs. Of course this idea contradicts my DXY bias. So either one of my biases are wrong or the markets are decouple. Will have to observe & learn.
Bonds is continuously breaking daily lows. Would like to see a body close market structure shift lower for a clear sign of bearish shift.
Observing yields to see if we start breaking above swing highs. We have closed above daily highs & imbalances. No body closure market structure shift just yet.
Dollar has inverted Weekly Imbalances. Would be interested in bullish sponsorship from these inverted weekly arrays. My attention now goes to relatively equal highs above us. Would need to invert the monthly volume imbalance validate this idea. If I am wrong & DXY is bearish. I would like to trade below the weekly imbalances aggressively then use them for...
NQ also leaves me fairly neutral. I'd like to do business with market makers in the daily fvg & the daily breaker mean threshold. NQ is also in deep premium. IPDA is currently contradicting Bonds & Yields.
ES is also pretty consolidated but I favor sell side due to ES being in deep premium of 20/40/60 IPDA Data Range IPDA is currently contradicting Bonds & Yields.
Neutral on DXY for the most part. DXY is currently consolidating between nested Weekly & Monthly Arrays. I need more data to get a better read on it. With the news scheduled, I am anticipating a classic buy or sell week. I will be watching the Weekly Bearish OB for bearish sponsorship & the Weekly Bullish OB for bullish sponsorship.
Would like to see Daily 2022 Model playout & target 20 Day Look Back Lows. Anticipation consolidation Thursday Reversal Weekly Profile.
Bearish Quarterly Shift on ES. Will be observing order flow at OTE to confirm or deny. Daily closure above 2WH invalidates this idea.
Closure above Daily SIBI makes me interested in higher prices. I would like to observe order at previous week's high to confirm & deny this idea. I believe this is a Bullish Quarterly Shift. Anchored IPDA & Dynamic IPDA are aligned. However, I would like to see a up candle closure above up close candles on the left side of the curve for confirmation. Idea...
Looking for NQ to trade above the Weekly Bisi as a minimum expansion. I'm not confident in a expansion from 2 Standard Deviations to 4 all in one week. However, anything is possible.
Continued Bullish Bias on ES. Having met 2.5 Standard Deviations coupled with SMT, a decent retracement before more bullish expansion is realistic. Wednesday Low of the Week, Midweek Rally/Reversal, Consolidation Thursday Reversal all in play with USD news Wednesday - Friday. I will be watching for Bullish Sponsorship from the Daily Bisi.
Bearish descent continues into the end of the year. With news Wednesday - Friday, I will be looking for a Wednesday High of the Week, Midweek Decline/Reversal, or Consolidation Thursday Reversal. I will be watching for bearish sponsorship from the Daily Sibi.
We have SMT at daily lows with NQ. NQ trade into & away from it's daily bisi. ES did not trade into it's BISI at all. ES has maintained it's strength. I am anticipating Tuesday/Wednesday low of the Week & am aiming for the Daily Volume Imbalance.
This week - I call manipulation week. CPI, FOMC, PPI all in one. I'm expecting a lot of movement. I am anticipating Tuesday or Wednesday Low of the Week Profile & am finally one sided on NQ being bullish. As a reminder, I am still bullish on Bonds & Bearish on yields.
CPI, FOMC, PPI week. I am anticipating Tuesday/Wednesday High of the Week on Dollar. We have respected a Weekly imbalance & closed below. I think this ends the bullish retracement & we continue bearish order flow & structure. I am bearish on Yields which also has corresponding bearish SMT.
Relatively equal lows still in tact on DXY. I think we could trade into lows then reverse. However we did have clear rejection of higher prices last week. If price lingers after taking out REL, I would interpret that as a lack of willingness to trade higher & possibly target even lower. Yields are currently bearish to me with a lot more downside. Likewise bonds...
Admittedly my bias on ES is contradicting my bias on NQ. ES is still respecting bullish PDAs but also failing to displace above highs. ES still has 60 day highs in tact. If these highs are not taken out by Wednesday, I will consider the possibility that the high of the week has been established. DXY also still has 60 day lows in tact so a reach higher on ES is not...