bkrueger020

bkrueger020

There seems to be some resistance overnight. Possibly looking for a pull back after the better than expected news. Get some sell offs in the morning and enter into longs. The key here is that the FVGs are broad ranges so there may be more risk in my trades today. Using a retracement tool and it shows the .5 is near the lower end of our play. Possibly being more...

bkrueger020 Updated 

Follow/comment to get reputation so I can contribute in chat. After the move up last week from FOMC, we were due for a retracement. The green levels below are FVGs (Fair Value Gaps) that were within different time candles that overlapped. This also shows a bullish flag pattern (typically don't use that but it can help with describing the type of consolidation)....

bkrueger020

Based on last known significant news on the economy, we should see continuation into new highs. We need to acquire levels downward to let those that have open orders that did not fill during FOMC news release. 419.50-420.50 looks good and mixing that with the retracement tools and the current flag pattern looks primed at any moment to continue upward. Probably...

bkrueger020

Reason: Not much news that would impact the economy so we are looking at a continuation of reaction of news. Consolidation for the morning with room to go up on the technicals, should result in upward movement. Just not sure which FVG it wants to take. The one from this morning or the 520 value FVG.

bkrueger020 Updated 

Technical: My strategy that I use is to find where there is FVGs and use the retracement tool with the following levels in the image. Once they overlap with the FVG range, I use those levels for my SL and entry location. Target is represented by the lines that were created by using the fib extension tool with levels back in 2020 crash and 2021 top. News: The...

bkrueger020 Updated 

The move is bouncing off a FVG toward a lower level FVG before FOMC meeting. We were in consolidation on spy but a return to these levels depending on FOMC results.