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...
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...
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...
