If we are opening above the base of the late spike at 4007.25 we are accepting higher prices, if we open below we are rejecting lower prices. We opened at 4005.75 and did not test the overnight low or what could also have been the base of the spike from yesterday, 4002. This was considered … Continue reading 11/23 Wednesday Rangebound
Tag: tpo
11/18 Trend then balance day
We are opening with a Gap to the upside today. Overnight price action was strong to the upside starting 00:30 am, after London open. OPEN is at 3990.50. If the Gap closes, higher prices are rejected. The Gap was closed within the first 30 min. We then fell into a sideways movement with three range … Continue reading 11/18 Trend then balance day
11/16 Normal Day
OPEN was at 3983, out of value but inside range from yesterday and at the overnight trading low. So far we had one range extension to the downside in C period.At the end of the day we only had three more small range extensions to the downside in I, K and L period. That is … Continue reading 11/16 Normal Day
11/14/22
We are opening in range and in value from Friday. Overnight trading was mostly sideways. OPEN is 3981.75 Settlement from Friday was 4000.25. There is not much new information entering the market today and we are looking at a small range bound trading day. It is important to stay patient and wait for the IB … Continue reading 11/14/22
11/8 Midterm Elections Volatile News Day
So far as of 8 am we have had two range extensions to the upside in B and C period. The IB was 38.25 points, we opened with some overnight longs and a gap to the upside that was closed very quickly early on. The POC is at 3828.50. Price tested down to 3810.75 which … Continue reading 11/8 Midterm Elections Volatile News Day
11/7 Monday Midterm Week Double Distribution Trend Day
We are currently trading above settlement from Friday and accumulated quite a few longs overnight, with the overnight high at 3805 two ticks away from Friday's excess high. We are opening out of value, but are inside range from Friday. We are trading down from the Open at 3793, now price bounced at Friday's Settlement … Continue reading 11/7 Monday Midterm Week Double Distribution Trend Day
11/03 Thursday P Shaped Day
The market is opening out of balance and out of range from yesterday, with a gap down. It is going to be a tricky day. We also left a spike yesterday as the market was moving down quickly and did not have time to confirm lower prices. The low from yesterday 3766.75, that is the … Continue reading 11/03 Thursday P Shaped Day
Friday 10/28 Trend Day
-609.60 loss!! -61% At 5:30 we had a sharp upward trend that closed the overnight gap from yesterday's close. Then at 6 am we kept trading, making the gap close. Open was at 3818.50 which was the value area low from yesterday. Lower value was rejected from overnight lower value. The first minute candle was … Continue reading Friday 10/28 Trend Day
Thursday Trading 10/27
I went short at 6:38 at 3857 based on the stacked imbalance at 6:36 candle. Trade worked out but I went out too early. We opened at 3850.75 and traded across the open price until 8:30 E period. Due to stacked imbalances at the beginning I was able to to get a decent trade early … Continue reading Thursday Trading 10/27
Wednesday 10/26 Open Test Drive reverse
We had a late spike yesterday and we opened below the late spike yesterday. We opened at 3837.25 which should mean rejection of higher prices, but we did not reject higher prices. We left an excess high at 3897.50 in E period at 8:30. The price then circled back down to a weak low at … Continue reading Wednesday 10/26 Open Test Drive reverse
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