2025.08.05

Turnaround Tuesday? or do we keep movin on up?

n qracky
August 05, 2025 • Estimated Reading Time: 3 minutes

🌟 Welcome!

Welp, they had room to fall, and chose not to. I accepted the market fate after they recovered out of my green zone and boy did they run (giving me a solid green day across accounts) Will they continue to march upwards? We don’t know, but what is certain..they were not interested in giving up July full stop. Not today. Let’s see what Tuesday brings — will we turn around?

🔢 The Numbers

Above

if t hey can close it above 23373.5 they they can continue to get out of their current situation, heading up to 23486.75, 23618.00 23757, etc. however…

Below

if they get stuck and retreat here, and lose 23310, then it’s an easy trip back to 23265.5, but a little longer jaunt down to 23079.5, which she’ll certainly have to hold before revisiting some numbers i’ve mentioned yesterday below.

📸 The Big Picture

Of course we are still bullish, in fact, filling the gap lost last week nicely, and now teetering on july’s value area high (the 68th percentile volume top), but they’re acting stuck.

side note, that was a heck of a bounce out of my green area monday morning. ripped through a prior red area of resistance I had charted in short order. I was there, man. shorting, and quickly stopped out. 🙂

So, they’ve hung out in this little sliver of an area between yesterday’s value area high and july’s value area high all night…

…so they certainly appear to be building energy to try to break out, but our 2 sigma (94%) and 3 sigma. (99%) are quite a ways up still, and they didn’t have the juice to pump it there overnight. With plenty of numbers to pull back still looming below, and a 20 period moving average on the weekly chart that we’re still quite over extended from, they could “dump” it again to continue in this balance, or extend the range upward, without reaching new all time highs, to continue to paint an expanded balance area. It’s relatively quiet, so it’s anyone’s game, and I would not be surprised either way.

📰 News

PMI at 10. keep an eye out.

Date	Time	Name
8/5/2025	10:00:00 AM	ISM Services PMI

Here’s to patience, learning, and profits!

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I write about the market, primarily MNQ/NQ futures trading, but also spit free game on how to analyze it yourself