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2020-06-05 pop and drop pt. 2?

2020-06-05 pop and drop pt. 2?

have we made a lower high? or is this time different than the last?

n qracky
June 05, 2025 • Estimated Reading Time: 3 minutes

🔢 The Numbers

Above

capturing and holding above 21788.25 sets her up to get past the spike again at 21794.5, and break out of last week’s value area completely, again, and gain what she lost overnight around the 21840 area. May VAH is in their sights, 21857.25, and above.

Below

Holding on to last night’s gains is key. Losing 21760.5 again may set her up for 21745.5, via my “long here” zone, 21748. holding below and we’re headed to 21733, 21718.5, 21711.5, and below. watch out if she dumps from here it may be violent. That won’t begin to be a huge concern until around 21745.5. If bulls can’t hold that, they’re cooked. But they shouldn’t even be around there in the first place, today.

📸 The Big Picture

She’s still creeping higher.

overnight, they did a little pump, to break out of my “yellow zone”:

Then failed it, failing last week’s value area high, the spike, and previous day value area high. But what she did. do, is give us some key levels on $MNQ_F ( 0.0% ) to look out for, as she consolidated for quite awhile last evening:

and as you can tell by these 30 minute candles, they are important.

Remember, last time she did this, she took a fine dump, and, technically, last evening made a lower high. Will this overnight lower high hold? It just might. If so, then look out below, it’s not going to be pretty. We have news at 8:30; it will certainly give them cause to either dump this to the ground, or recapture the yellow zone for a new weekly high. They stopped shy of May’s Value Area High. do you think they want it? Oh, absolutely. Can they get there? We will see. with $NVDA currently above a key level, they can certainly keep things above and goose the tape…$NVDA holding 140 is a good sign for the NASDAQ.

📰 News

8:30 gives is 3 potential big ones, Non Farm Payrolls and Unemployment rates. pay attention to the direction, I gave you the waypoints, and a navigation guide.

Here’s to patience, learning, and profits!