What I'm looking at this week

That said there’s a lot of talk about a bottom in all of the media I’ve been taking in; I can’t tell how much is hope or cope. 🙂. Anything can happen, there’s still a bit of room below, as we still haven’t tapped 2024 POC, and the news cycle could help catalyze more of a drops. More on that below. That said, she’s in a place where she could try to power out of that turbulent zone for higher numbers and recapture what was lost, especially given the word on the street that downside interest has been heavy, and a short squeeze (at least of the temporary sort) is eminent.

Zooming in…

If you read Friday’s email, i mentioned the rough waters above, and it’s certainly been a problem. there are a lot of levels to work through in order to even begin to recover what we lost about two weeks ago. One way I can see them getting over it is a gap up at open (update: that didn’t happen), or a quick rout up during the open, however, given we’ve been in a 5 day range, high probability that we begin to seek below, if we can’t get moving quickly above this sticky area. Below the range is still, especially in this correction season, quite a bit of unfinished business to test below, including the still untapped 2024 VAL, 2024 VAL and 2-3 standard deviation below. If she loses PD value area low, we’re on our way to the bottom of the range, and (hopefully for my personal sanity) finally tapping 2024 POC (because i’m tired of talking about it 😂 )

Let’s see how we open the week. As far as each day? I’ll be looking to play the edges again, and follow any trends at proper pullbacks based on order flows and retests at key levels. This political season has given us some significant movements, which is a day trader’s paradise. It’s great to be a barnacle.

This week’s news, with those in bold I think that might move the tape decently out of the balance…

Let’s see what they do. Here’s to confidence, learning, and profits!