ES 1HR Balanced Price Ranges
We have two BPRs on the 1H for ES.
We are going to fill one of them but I believe filling one of these BPRs will lead to a violent swing to the opposite side. Today we kind of whipsawed off Opening Price and currently the 1H sits above the 200EMA; Giving me bullish confluence... though in these times, it is hard to be bullish with macro economics.
If we fill the upper BPR, I expect a dramatic Wednesday to the lower BPR and probably even lower after some balancing at those prices.
We have 20 Fed meetings this week, we have global chaos ensuing in Middle East, we have US drafting a military force legislation against Iran today. I believe they want to keep the market stable and favorable until the Options Expiration on Friday.
There is nothing bullish about the current climate of the state of humanity. But I will save this for another time, soon coming. I believe that there is about to be a great plunge, catalyst, and reset of global finance. For now we just trade the levels unsure of what black swan event arises. Following the PA and levels, the BPRs outweighing the FVGs. So I will respect the price and market. I cannot bid it up or down, but I can follow.
We are going to fill one of them but I believe filling one of these BPRs will lead to a violent swing to the opposite side. Today we kind of whipsawed off Opening Price and currently the 1H sits above the 200EMA; Giving me bullish confluence... though in these times, it is hard to be bullish with macro economics.
If we fill the upper BPR, I expect a dramatic Wednesday to the lower BPR and probably even lower after some balancing at those prices.
We have 20 Fed meetings this week, we have global chaos ensuing in Middle East, we have US drafting a military force legislation against Iran today. I believe they want to keep the market stable and favorable until the Options Expiration on Friday.
There is nothing bullish about the current climate of the state of humanity. But I will save this for another time, soon coming. I believe that there is about to be a great plunge, catalyst, and reset of global finance. For now we just trade the levels unsure of what black swan event arises. Following the PA and levels, the BPRs outweighing the FVGs. So I will respect the price and market. I cannot bid it up or down, but I can follow.
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