Due to Yields being extremely Bullish, I see dollar running the high but I can not deny the clear '22 model staring me in the face so I am a bit neutral but leaning bullish. I think dollar raids the high but may not close above it.
ES is respecting Bearish PD Arrays so it's reasonable to target lows. However, I am anticipating Bullish SMT at the lows to confirm Bullish Seasonality. If ES trades aggressively through the swing low & closes below, this will invalidate my SMT idea.
Anticipating classic Bearish Expansion towards equal lows this week. How we trade to or through lows will confirm or deny bullish seasonality.
Expecting Consolidation Thursday Reversal or Midweek Reversal with PPI, CPI, & FOMC this week. Possible low of the week in the Weekly Volume Imbalance then bullish expansion to 50% of the Aug 21 Week's Top wick for possible high of the week. Monday & Tues will likely below probability & consolidated ranges.
Thinking 50% of previous Week's Top Wick for possible high of the week down the bearish expansion to break the Swing Low & possibly into Daily Balanced Price Range.
It's once again PPI & CPI Week, we also have FOMC wedged in. I am expecting a Consolidation Thursday Reversal or a Midweek Reversal could be possible due to FOMC landing on Wednesday. Possible low of the week will be previous week's bottom wick 50% which fills in the weekly volume imbalance at the same time with bullish expansion towards 50% of the weekly fair...
New Month & New Quarter - mostly anticipation accumulation/consolidation going into the week. However, NQ is in deep discount of 20, 40, 60 Day IPDA Data Range Look Backs as well as it's Monthly, Weekly, Daily Ranges so it's possible NQ will seek premium from here. The areas I am interested in is the Weekly Bottom wick CE for possible low of the week & Monthly...
I would like to see a retracement to fair value high & possibly go as high as equilibrium of last week's range before continuing bearish expansion into the weekly volume imbalance & daily OB.
Anticipating a bullish retracement to friday's high, possibly as high as the weekly volume imbalance. Not set on a particular weekly profile but will be watching for a bearish expansion to previous month's low continuing bearish seasonality until a low is creating in October.
DXY was bullish over the past month or so. I would like to see price trade through this 3M down closed candle with no resistance to confirm quarterly bullishness. If price displaces lower from here or from as far up as 108.475, this could just be a pullback & I will require more data to be bearish. A monthly close above 108.475 would solidify long term bullishness.
Soft Bearish Bias this week with it being short trading week & the opening week of September. Leaning towards Consolidation Midweek or Thursday Reversal.
Soft Bearish Bias. NQ has ran out 20 day highs. Low expectations with a short trading week. Consolidation Midweek or Thursday Reversal.
Mostly neutral - soft bullish bias. DXY has reached 60 day highs. If DXY can trade higher here, huge expansions could be on the horizon.
NQ has filled it's monthly imbalance & traded away from it, failing to close below previous week's low. This week will likely seek high prices.
ES fails to take previous week's low after last week trades away from a monthly key level then creates a market structure shift on 1H/4H charts. Thinking Tuesday Low of the Week or Seek & Destroy Bullish Friday. This is possibly the quarterly shift & we are now in a buy program.
Thinking DXY can push up into Balanced Price Range & take liquidity early in the week then decline. Thinking Tuesday High of the Week.
Interested in Shorts at grey eye. Interested in Longs under green aye.
3 long entries today - iofed, 62% ote, '22 yt mentorship fvg. 49 points total.