2025.07.07 what i'm looking at this week

🌟 Welcome!

📸 The Big Picture

Above the moving averages the trend is your friend. On its face, we’re still bullish…

…but want to continue on my thoughts on the market participation (which isn’t my own idea, but from ideas I’ve learned from Jim Dalton, and, Jim Dalton alluded to again this weekend)

While the overall market is bullish, when the participation tends to signal that the “big dogs” haven’t been around, especially this holiday week, and the smaller fish have been the ones responsible for the price increases…smaller fish are often the ones late to the party, and, perhaps a few manipulators helping nudge things higher …I would be cautious, and patient, as this might* be a time for them to do a “little” liquidation. 🙂 

We’re far extended above the moving averages, and the market doesn’t like to spend too much time extended. In this situation, we could dump hard, or, chop around, letting the average catch up from below. Doesn’t mean she can’t move higher, but it does mean that we want to be on the look out, and, I’ll be personally suspicious of all moves upward, and instead, biased towards looking for pullback long scalps.

Premarket, she came down lower, but didn’t fill the gap yet, between that, and the VPOC below that she stopped short of last week (22572), there’s still some unfinished business.

dipping below, and spending time below previous week’s value area high (22905) will be our fastest tell. Note that that just about coincides with Junes value area high. The market may try to keep us strongly above June’s levels, but there is absolutely no reason for us not to do business below.

In lieu of the numbers, here’s my chart below, will keep it dynamic throughout the trading week.

https://www.tradingview.com/chart/FDFz1jae/

📰 News

Just one major item this week in the markets, looking forward to see where they push this (up or down) on light scheduled news.

Here’s to patience, learning, and profits!