2025.03.20 - Ain't a dang thang changed.

What is there to say?

So far, we can say that we left the 2024 POC all but in the dust for now, barring any news catalysts (so maybe as of today i’ll shut up about it). Today in news we have housing starts at 10am. EST. Now I’ve only been closely watching the market for single digit years, but I haven’t seen housing starts be a major catalyst of the type that could move us as far as that POC today, but I’m always down for a new experience. 😀 

We’ve had relatively low volume this week, and the market’s been all over the place. It’s been just us bottom feeders it seems… Yesterdays rejection at 3/17’s afternoon spike was a chef’s kiss if you took it. I wasn’t active at the time they hit it, and I would not have had it right at that spike level, but most certainly at last week’s 3 sig hi (99% percentile of volume traded last week), and set my stop above that spike (even better above last rejection level)…the r/r was a no brainer. They tried to recover before the bell, and they closed above 7d VAH, which was a decently bullish close…it means they had no intention of losing this upper area of the balance.

Overnight, as you can see, they’ve dumped it below, completely back to the PDVAL, but are in the process of attempting to find some value higher, but if we stay in this lower area, could be trouble for bulls.

All in all, we’re still in this sideways balance, and could trade here as long as we need to. we barnacles have a lot of range to play here, but be aware, overall this entire week we’ve been inching higher. Will today give us some “balance” to that s tory, and we play some. lower numbers? will today be a sideways day? will she finally actually break out of the range by week’s end? I’m not expecting much on that latter front, but anything can happen.

I’ll share my chart, and spare any more blathering.

https://www.tradingview.com/chart/Sq02cuAG/

To confidence, learning, and profits!