Massive move last week. Regardless of the election outcome, seasonality wise, long for the election has been the plan. Now, the dust will be begin the settle and will be looking out for new balance to form. Until Daily OTFU (one-time framing up) ends, trend up is your friend. Buyers […]
We continue to move higher where false breakouts and breakdowns happened daily generally with a Spike at the end of session. As we continue to consolidate after expansion, we must continue to engage at the edges. We now have a new 5 day balance (5850-5925). The lower end marking the […]
We buy until we die. – Me so tired… Last week, the main goal for buyers was to remain above 2 week balance low – 5720’s-30’s mostly in part to protect the FOMC range. Monday evening’s liquidation move did just that and gave enough steam to reverse Monday’s move back […]
I remain bullish but cautious as from last 2 weeks, new sellers, and to some accounts big sellers, have entered the picture and have stuffed price nearly every day at NY open. There are three excess highs that are bearish until cleaned up. This is on 9/26, 9/27, and 9/30 […]
Are things changing under the hood and is seasonality still around? Last week we saw just about every day US sells the open and reverses late afternoon. EU would end up doing the same except for the drastic no selling allowed Wednesday night session. This pattern repeated with buyers showing […]
5613, 5627, 5638, and 5649 still to be observed. We had two data prints around the 5630 area, GDP and PCE. Will use Friday’s range for the coming week as the low and high both roughly align with the previous Friday’s inside day range. Friday ended with a spike up. […]
