2025.07.15 what a day

wacky price action made for a trifficult day

🌟 Welcome!

I found yesterday a more difficult day to trade. The price action was tricky, intentional or not, there was much indecision.

🔢 The Numbers

Above

Stay above 23001.25 and we’ll be able to make it back into 23056 territory, which brings us back to our upper numbers. If we can hit 23110.75, then we’ll likely reach our 23161.75 and 23183. We’ll see if she goes further today.

Below

losing 23001 opens us up to hit our overnight low, which is below our 22941.00 potential bounce place. losing that, she’s seeing 22903.25. losing 22884.5 is trouble for the bulls.

📸 The Big Picture

Still bullish, but waffling her way up, having reached all time highs last night due to pre-market fudgery.

What a difficult day, at least for me, after the bell. i mean, what is this crap on the hour chart?

No direction, so much losers! (if you know, you know, if not, look it up)

At any rate, they stopped shy of my target yesterday. miscalculation? maybe? but I’ve also seen this before. As the late great David Frost would say, sometimes they come up short, sometimes they spike ‘em through.

It is what it is.

News today, so, given they’re above the previous week value area high, I expect a re-attempt up the ladder, however she’s hovering at a critical place, and could drop ‘em. The biggest tell would be falling again below the week’s value area low, and closing candles more then 5/10/15 minutes.

We will remain vigilant, and play things level by level. I am personally squirrelly the more they get to the top. I don’t necessarily want to fade, because it’s rarely good for my stops, and I certainly don’t want to FOMO in a buy, so I look for sensible pullbacks, or, longs above key edges and set s tops accordingly.

📰 News

Date

Time

Description

7/16/2025

8:30:00 AM

US PPI MoM

Here’s to patience, learning, and profits!