11/23 Wednesday Rangebound

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 →

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 →

11/14/22

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 →

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 →

Trend day, open drive retest

Today started out slow. I took the opening trade short because the first candle of the day had a range of only 5 points. I got stopped out pretty quickly with a 10 tick stop loss though, unfortunately. Most likely, that was due to stop running by larger players. The overnight high of 3776 was … Continue reading Trend day, open drive retest →

P shaped trend day

The purple line in the middle is the halfback line from Friday's very intense rally to the downside. Meaning on Monday morning we already made halfway back of the losses from Friday. The opening range did not offer a trade with a range of over 9 points. Should have found an entry during the overnight … Continue reading P shaped trend day →