2025.07.08 is this how a market wants higher?

day trading this high always makes me nervous

Author

n qracky
July 08, 2025 • Estimated Reading Time: 3 minutes

🌟 Welcome!

No, i’m not high, but we are at the highs in the market. it can be tough determining where the new highs will be, but not impossible (we have tools — fibonacci, measured moves are actually quite solid, if only because it’s new to everyone else as well, and it usually is not old/strong money bidding the tape up…but I like to keep an eye on the news, because it is tricky on the way up, and shallow money is fickle, and tricky. so with that in mind…

🔢 The Numbers

Above

22905 is the number they’re trying to stay above,to signal bullishness on the week, so i expect some defense there, if not 22868. So far they haven’t done too well, but if they can, 22961.75 during market session will need to hold, and they want to try to beat that zone starting at 23011. if they can take that out, then 23059 becomes magnetic, and beyond…

Below

if they drop it below 22887.5, it opens the door to revisit 22850, via 22868.25. losing this and it’s 22828.75, and a retest of the poor low set at 22784.75. I would expect a bounce or spike at 22784.75 if they don’t aggressively lose it, we’ll see how long it holds. if they can’t, 22715.5 and below is on the table.

📸 The Big Picture

Bullish, a dip buyer’s paradise so far. Just because there’s little institutional participation doesn’t mean a tape can’t move; in fact, it’s the kind of thing that helps a tape move…low volume can cause floaters, and as long as there’s nothing globally severe going on, no need to disrupt all that money they made on something they bought long ago in say, April.

I’ve marked a balance area on the chart starting last thursday, to give some context on what I think she’s trying to trade. i wouldn’t be surprised if the tape moves either way, so may be best to play the edges of the balance. So far, quite quiet (that’s when they getcha though).

Here’s to patience, learning, and profits!