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- 2025.07.02 bounce back?
2025.07.02 bounce back?
is this a bounce back? or a Will-type bounce back?
n qracky
July 02, 2025 • Estimated Reading Time: 3 minutes
🔢 The Numbers
Above staying above 22677.26 gives us a fighting chance to beat the consolidation area made around my number 22770, and up to 22792. 22792 is the minimum for a bullish day, and it opens the door to recapture 22812 for hopes of moving out of an inside week. if we do possibly make it out of that, 22833 becomes magnetic, and there are numbers above but I need to get this newsletter out….so… | Below if we lose this 22677.25, it’s back to test 22616, and my old friend, 22611. It’s just not going to be fun losing this number for bulls, as we may see a drop like yesterday to 22418, with a possible recovery, certain magnet, and possible scalp place of 22572. Maybe let’s not talk about losing 22418, because that opens us up for 22299. |
📸 The Big Picture
Overall trend is bullish, but on the face of it, she still wants lower today. We are in an inside week so far, establishing a balance around the all time highs, as we determine whether or not we break down or out. Although we hit all time highs, there was no follow through…it was a weak tap, in my opinion. And now, we’re looking pretty Head and Shoulderzy.
She hit my number 22611, finally, said she was gonna revisit, I hope you listened for a nice trade there off of that “potential bounce place”.
So far, she’s doing what would be expected, and creating a balance area up around the all time highs. The question is, can she continue to at least hold this balance area, or is she retreating already? If she proceeds to fall again ’towards 22611, m looking for a reaction at 22632 to give me some clues. it’s an agressive long entry (with stop below 22611) with promise. Any lower and it’s a long, but also a danger zone, as she might be looking to rip back down today. But it’s NFP today, a perfect excuse to goose the tape higher, at least in the premarket.
đź“° News
Date | Time | Description |
|---|---|---|
7/3/2025 | 8:30:00 AM | US Non Farm Payrolls |
7/3/2025 | 8:30:00 AM | US Unemployment Rate |
7/3/2025 | 10:00:00 AM | US ISM Services PMI |
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