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- 2025-05-20 going anywhere?
🌟 Welcome!
Trying a slightly different format, and apparently still have some kinks to work out. Forgive me while I adjust!
🔢 The Numbers
Above a break of 21541.25 will be what it takes to get the party started. If they get going, let’s see if she can take it to 21725.25 today. She’s got to get through 21523.5 first, to even make it there. | Below losing and staying below 21454.75 will quickly open the door for 21440.5. losing that and closing longer timeframe candles below, and 21321.75 is on the table, but not without challenging 21421, 21380. they better try to defend the 21300 ish zone if they want to continue our upward trajectory in the near future. |
📸 The Big Picture
We are currently in no mans land this morning. Overall, we are in a balance, with a “megaphone pattern-ish” thing growing, which is on it’s face, bullish, and annoyingly so. Yesterday was a nothing burger, delivered by Moody’s. But what it was able to do is get us to a single print area that I’ve now taken off the board. She rocketed away from there yesterday and flagged up all day, and now this is where we are, appearing to want to go higher, especially after popping above my “red zone” I had set up at the beginning of the week.
Thing is, however she peeked above and failed a key area, previous week’s value area high, which could signal bad news for bulls, especially given she dipped lower, but hasn’t really dipped much lower. Does she have a larger downward move to complete? Or is she done with that nonsense, and ready to continue upwards towards the prior All Time Highs?
During the session, losing then recovering the spike zone (21454) is a bullish sign for sure, and opening above the prior week value area high is on it’s face bullish, but losing it after taking it out again? They are unserious about a good push, at least for the moment.
Chopping slightly upwards in this range is not out of the question, and will be frustratingly unsurprising.
đź“° News
No news today, but let me give you this week’s news again, since it was formatted poorly yesterday 🤦🏾‍♂️
Date | Time | Description |
|---|---|---|
5/22/2025 | 10:00:00 AM | US Existing Home Sales |
Here’s to patience, learning, and profits! 🫡