[nqrack] What I'm looking at this week, the week of, 2025-04-13

“I can’t get with the weak, the wack, this is how i’m livin, constantly driven by the facts”

I’ve been spending time on the socnets, in particular, X — and you really begin to internalize that phrase about the abundance of opinions…and yes many of them stink. Politicians lie, tweeters interested in their followers lie, many just seem clueless….Price doesn’t lie though, so let’s follow it and see if we can find some clues

The Big Picture — A Balance within a Balance

This is just what i’m looking at for the week.

The way I see it, regardless of all the hype in the news, we are in a potential balance area after a break out lower on “Liberation Day”, April 2. There is also a balance area, created by the Tariff Pause Pump and subsequent dump. We are either looking to try to break out and negate this area, or explore lower through the lower balance again, so I’ve marked it accordingly. Where did they close? right ‘round the 11d Balance POC, which is also hovering a little over the 3d VAH.

Of course they do this often, so they could gap up or down, or just begin where they left. If they gap up, I’d expect them to try to attempt to gap up above the purple area (or at least the POC of that area), because that’s what they’ll need to overcome to get some momentum to break out sooner than later. My bias is that it gaps down, especially seeing the node that exists here, and on the ES…the POC of the multi day balance is close enough for them to attempt a bounce from that. I want to clearly state that even though I have my personal bias—i’m well aware everyone else and their mother thinks we’re going to the moon this week. 🤷

Note this. on the daily, from the face of it, she looks like she’s ready to pop up and take off, imo.

If she gaps up, i’m expecting that during the week she’ll immediately try to break out of the 11d (2week) balance area again. she will really need to be victorious over 19323.25 to have a chance at starting the week off right. Even if she peeks above and fails tonight, that’s a decent sign she might want that higher out of the gate.

I do expect some defense of the green zone below (around 18318.25) if she gets there, especially if we’re still around the current area (or fall there) during market hours. Otherwise, if she decides to continue down the larger balance area this week, i’m expecting some visitation/testing of our red zone below (16432), which corresponds to some breakup areas of november 2023. You didn’t think she’d get there before, but last week we revisited some december 2023 levels, so anything can happen. I’m just saying, don’t be surprised. Or even let people tell you the sky is falling.

Below is my TradingView chart for the week, i’ll be updating it often as I see more important zones (or as zones become less interesting to me).

https://www.tradingview.com/chart/bdOWFV3S/

News

Not too much this week, but Retail Sales can be of note. Who knows what the government will say though, so keep an ear out. Below are what prop firms who restrict trading news are likely to prohibit:

https://www.x.com/nqracky for up to the…whatever notes during the session…you have to stay flexible

And, if you ever have any questions, I’m happy to listen, and hopefully answer decently! [email protected] 

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