UnknownUnicorn3162232

01:06

UnknownUnicorn3162232

The CPI data really turned out to be a non-event, and the overall action was choppy. Makes sense because price is still in last month's range. The weekly is trying for bullish, so the sharp dips were met with sharp reversals! Let's see what Friday holds! Friday!!!!

01:17

UnknownUnicorn3162232

Still overall choppy when looking at the monthly, but as we know, trends change on lower time frames, and so far the weekly chart is pushing above the prior weekly highs. We pointed out how that Shooting Star level the other day was super important to take out, and we we illustrated the price action around there and how the bulls took it into the close!

01:06

UnknownUnicorn3162232

Still an inside month, hence the choppy action, but interesting lower time frame breakouts pointed out in the video. The weekly chart still has that upper shadow formed by yesterday's Shooting Star. If bulls want to show power, they will want to see price over yesterday's high!

01:01

UnknownUnicorn3162232

The bulls had a great chance from Friday's strong breakout candle, and they tried this morning but they ran out of buying power as the bears started to press leaving the daily with a Shooting Star candle! That said, still in last month's range, so we will see what JPOW had to deliver tomorrow!

01:38

UnknownUnicorn3162232

Mostly chop after the jobless claims data today. Bullard comments sent algos buying based on saying that the minutes yesterday were "whatever." That said, still in December's range, and the weekly consolidation is getting tight! Let's see if NFPs tomorrow can get things out one way or the other!

01:37

UnknownUnicorn3162232

Another day where it looked like we saw fresh flowing coming in in the morning but quickly faded. We stayed bearish through the FOMC minutes but there were some shorts covering into the close, ultimately finishing the day with an inside Doji candle! Friday job numbers may be a catalyst to get price out of this range.

01:18

UnknownUnicorn3162232

Happy New Year! It looked like the bulls were still partying into the open with a gap up and a big push to start and then it was Wile E. Coyote cliff time, with a sharp drop that ended up holding throughout the day. Starting off in last month's range, so until price can get out of there, whipsaw action may continue. That said, FOMC minutes tomorrow at 2PM which...

01:37

UnknownUnicorn3162232

Well, that finishes the year! Red month of December but still in the November range, so it is anyone's game going into 2023. Just when it looked like the market was going to finish way down today, the dip-buyers came in (while shorts covering) and left everyone guessing if the bulls will be back for the new year! We'll be on top of it, and in the meantime,...

01:07

UnknownUnicorn3162232

One more trading day left in the year! We were bullish going into today, and we certainly saw a nice pop this morning which held! Not sure if there will be enough power to turn the December candle green, but we can be sure there will be some interesting price action tomorrow heading into another holiday weekend!

01:10

UnknownUnicorn3162232

Two trading days left in the year! Bulls have a LOT of work to do to get over last month's high, otherwise, bears stay in control into 2030 and we will see where the next month takes us. In the meantime, we are not surprised based on the weekly candles discussed, now we need to see which way things move into the end of the year!

01:12

UnknownUnicorn3162232

Definitely whipsaw price action after the bears came out in force at the open. They just couldn't seem to press any harder. Short week this week... and next week, but still some tradable action. We will see how the last 3 trading days of the year wrap up!

01:20

UnknownUnicorn3162232

Choppy before the holiday! Santa came around for a few days this week, then it was like he was riding a roller coaster instead of a sleigh! That said, monthly chart remains in the November range, and weekly chart could be a Doji Sandwich into next week. Two short weeks ahead, so we will likely get some lower volume, barring major news. Have a great holiday...

01:14

UnknownUnicorn3162232

The bears really pressed after the GDP and jobless claims numbers, which one would think would be bullish, but we don't worry about that, we follow price! That said, last week's lows were critical for the initial down move today, which was follow through from nice pre-market symmetry!

01:22

UnknownUnicorn3162232

The Santa Clause rally continued with the bulls pushing early and turning the weekly chart into a potential reversal hammer. We saw a few Morning Star Reversal setups from the likes of $AAPL and $NVDA, so we will see if they get follow through to help bolster the market into the holiday weeks ahead!

01:14

UnknownUnicorn3162232

Quite a choppy one! The bulls had a chance to push out of that iH&S range but ended up with basically a triangle for the day. It was the first green day after 5 red ones in a row, but the bulls will still need to get into last week's range to prove anything. Low-volume pre-holiday action!

01:38

UnknownUnicorn3162232

No Santa Clause rally yet! Today was the first day of fresh gamma after Quad-Witching on Friday and it was not a good start for the bulls. It is difficult to get super bullish as price continues to navigate lower into November's range. Santa would have to help reverse things on the daily and weekly chart, and so far chart patterns intraday are supporting the...

01:15

UnknownUnicorn3162232

The BEARS showed their power this week by closing below last week's lows and leaving a big upper shadow off of the channel high. Impressive stuff! Monthly chart still red and pushing into the prior month's range, and daily with the gap fill as we discussed this week! Enjoy the weekend and see you Sunday at 9:30PM ET here on TradingView to prep for the week ahead!

01:40

UnknownUnicorn3162232

Well, we got the overnight IPS (Irritable Powell Syndrome) and led to a nice gap down! That said, the intraday action only left a few areas of interest during the day, but we can expect that after a wild prior day as the pieces of the puzzle get scattered and bulls and bears try to pick up the pieces. That said, we may be into more shenanigans tomorrow with Opex...