[nqrack] 2025-05.04 yesterday yawner, will Tuesday give us anything worth it?

Preamble: Why these numbers? i’m not trading them?

Even if you’re not actively trading these numbers, they can sometimes be a comfort to you as you’re on your journey through the seas…you’ll have a better idea of what’s happening, so that you don’t hastily leave a position, or, have a little more confidence to get into a position, elsewhere at certain times. I felt like today was a day to let you know this….sometimes you just need a little peace of mind. 🙂 

The Numbers

Above

She did crack into previous week’s value area high (PWVAH) today (was looking for yesterday). That said, she’ll have to make it above to remain bullish for the week. That number: 19922.6. If they can hold above, 20022 is their number to begin to gain some further momentum to the upside. From there, it’s 20059.25, via 20044.5. They’ll need to take out 20127.00 to even begin to be trending upward on the day, as far as I am concerned.

Below

holding below 19924.50 is opening a door for a revisit to 19506.25, which might provide a nice bounce in our current uptrend. There are some waypoints on the journey to that number that may offer some pullbacks of their own, (or tradable pullbacks if you’re brave): 19796, 19690.75, and 19619.25.

The Big Picture

Yesterday was certainlyi a “turtles watching paint dry” kind of day. One of the worst for traders, or perhaps one of the best, if you want to learn discipline. Ol’ nqracky learned the hard way, treating it like any other Monday, before realizing we were going nowhere. Ended up red. Charge it to the game.

Market is moving slowly, certainly ahead of the Fed interest r ate decision. She popped up ‘round the beginning of May and has been “flagging up” a little in a balance. This morning, she did lose the primary balance area, however, which happens to correspond to last week’s Value Area High. This is a bearish signal for the week so far, and if she can’t reclaim it, she’s gonna lose that May 1st pump she got. hanging out here much longer, especially after the open, and we’re in an “80% rule” situation, and we’ll definitely see her revisit April’s POC territory, and spend a little time back into our standard “bear/rececssion fear” territory, that many of us have gotten used to. ;-)

All of that said, she’s still overall on the bullish tear, it’s not over yet as far as the numbers are concerned, and I wouldn’t be surprised if the market chops around in this flag, and even plays a little below, until the interest rate decision. Then, I would not be surprised, either way, if we push a little higher all the way to 20505, and as high as 20836, 21000 territory, before taking a massive dump again. If she decides sticking above 21k is worth it, then, I’ll just say hello, all time highs. She’s not that far away anymore! So overall, I am most certainly, cautiously bullish. and. am i in some inverse funds right now? You better believe it.

News

Nothing today. watch this space for tomorrows biggun.

Here’s to patience, confidence, learning, and profits! 🫡