Trading Plan for Tuesday, April 9th, 2024 Market Sentiment: Consolidating within a tight range. Expect a breakout or breakdown with the potential for increased volatility. Key Supports Immediate Supports: 5246, 5232-35 (major), 5221, 5212, 5207 (major). Major Supports: 5196-98 (major), 5181, 5172 (major), 5155 (major), and many more. Key...
Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203...
Trading Plan for Friday, April 5th, 2024 Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial. Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry...
Trading Plan for Thursday, April 4th, 2024 Market Sentiment: Uncertain, as traders weigh consolidation signs against the underlying bullish trend. Weekly Volatility Risk: High (consolidation phase, earnings, Fed uncertainty) Key Supports Support Levels: 5266, 5257(major), 5246, 5241 (major), 5235 (major), 5231, 5222 (major), 5212 (major), 5208, 5203, 5196,...
Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...
Last Week : Last week we opened below 5227 - 07.50 HTF Edge but weren't able to hold under it, we got some selling from Edge area back down towards VAH but not strong enough to get inside or break it, for any continuation under we needed to get through it which didn't happen. Once we got back over the Edge on Tuesday and this time held above, we were able to put...
Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...
Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major),...
Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major),...
Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to...
Trading Plan for Tuesday, March 26th, 2024 Market Sentiment: Cautious, consolidation after rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5274-76 (major), 5267, 5263 (major), 5257, 5247-51 (major), 5243, 5235, 5228 (major), 5221, 5217, 5212, 5200-03 (major), 5194, 5190 (major), 5179, 5171, 5167 (major), 5163, 5152-55 (major), 5147,...
Trading Plan for Monday, March 25th, 2024 Market Sentiment: Cautious, watching key support levels after the rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5284-88 (major), 5276, 5259 (major), 5245-48 (major), 5236, 5230, 5219-21 (major), 5213, 5208, 5200-5197 (major), 5191, 5186, 5177, 5168-71 (major), 5163, 5155, 5145...
Trading Plan for Friday, March 22nd, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5302 (major), 5298, 5286, 5282-79 (major), 5275, 5257, 5246-49 (major), 5236 (major), 5231, 5225, 5218 (major), 5212, 5208 (major), 5203, 5191-94 (major), 5179, 5169-71 (major), 5162, 5153-55...
Trading Plan for Thursday, March 21st, 2024 Market Sentiment: Cautious, price discovery after breakout Weekly Volatility Risk: High (potentially elevated due to price discovery post-breakout) Supports to Watch: Immediate Supports: 5275-80 (major), 5266-68, 5260, 5251 (major), 5246, 5236, 5231, 5221-26 (major), 5217, 5212 (major), 5200-02 (major), 5196,...
Last Week : Last Sunday we discussed that failing over HTF Edge usually can bring in weakness and start transacting back through lower areas towards the lower Edge but also mentioned that we were in potential 5150 - 5250 +/- balance with 5204.25 - 5199.75 area being a temp mean which told us to be careful expecting too much continuation lower just yet. Monday gave...
Trading Plan for Wednesday, March 20th, 2024 Market Sentiment: Extremely cautious ahead of FOMC decision Weekly Volatility Risk: Extremely High (FOMC) Supports to Watch: Immediate Supports: 5236, 5230, 5220-17 (major), 5212, 5209 (major), 5202, 5196, 5192 (major), 5184, 5169-71 (major), 5162, 5155-57 (major), 5147, 5137 (major), 5126 (major), 5117, 5100-03...
Here is potential inv. H&S pattern on 65m. Reaction on this level could be a key for today's action.
Trading Plan for Tuesday, March 19th, 2024 Market Sentiment: Cautious ahead of FOMC decision Weekly Volatility Risk: High (amplified by FOMC) Supports to Watch: Immediate Supports: 5209, 5203 (major), 5191, 5182-77 (major support/triangle), 5171, 5165, 5157-55 (major), 5147, 5136, 5124-26 (major), 5115 (major), 5109, 5103, 5095 (major), 5087, 5083 (major),...