S&P 500 (March 2025) - Expecting Resistance At All-Time Highs

25 Jan

A rally to ATH is always a good sight to see but what I don't want to see is a fake out, especially in the higher timeframes like the weekly or daily.

Candlesticks like doji's, shooting stars just above ATH can increase the likelihood of a retracement back down into previous inefficiencies.

For the next two weeks, we all are going to be on a wild ride!

30 Jan

Dagangan aktif

Manipulation occurred on Monday, attacking the 6th Jan 2024 last down close candle before spending the rest of this week (up to current date) in a rangebound state.

Expecting Nasdaq to replicate what Dow Jones has already been able to do this week.

Candle Body closure above the daily volume imbalance is the next draw on liquidity.

The point in which the bias is negated is 5,997.75. I would not like to see a daily candle body closure below this region.

30 Jan

Nota

With interest rates decided, I was anticipating a highly volitile day with wld swings back n fourth but it was the opposite.

I mentioned in my NQ weekly breakdown that if nothing happens on Wednesday then Thursday would be a wild ride but here we are..... meandering around the lower end of the new week opening gap.

I believe many traders was caught out with Sundays capitulation as they saw FOMC on Wednesday as the high impact news event that would cause such volatility in the marketplace.

However, today closed bullish with new weekly highs booked so if the bullish trend continues, the target of price action drawing inside of the NWOG will be achieved.

2 Feb

Dagangan ditutup: sasaran tercapai

Beautiful rejection inside of the volume imbalance.
When anticipating longs for ES, this volume imbalance held great weight in keeping the bulls from pushing past.
We could be in for a short term retracement
Friday was the big determining factor for deciding how the week closed.