what i'm looking at this week 2025.11.09 we finally breaking or what?

🌟 Welcome!

First let’s get some of the obvious rumblings off of the table…we started an attempted recovery at the 50 period moving average on the daily, which is a traditional signal that institutions are defending positions. Does that signal that we’ll be heading up again or consolidating for awhile, instead of dumping? Take a look at more words below for what i’m thinking…

📸 The Big Picture

Last week, we revisited the entirety of October’s 1st standard deviation value area, top to bottom.

Friday’s bounce was a defense of that, October’s value area low, as well as confluence at a POC That previously hadn’t been tested yet (VPOC), so, now that business is completed. Is that the only business needed to be completed before we travel back up to test all time highs? Or is there more work to be done below?

Well…Friday’s low was a poor low (which tend to be revisited sooner than later). As well,I have a personal “important level” zone below that has not been visited since they rocketed there from September…It really is anybody’s game. I can see them trying to travel back up the current larger balance area, at least in the short term, but what I’m looking for at the open, is if they lose that spike area…if you see them either gap down inside of or below the spike area, pay attention. it’s very bullish if they can recover the spike if they dip down there, but, if they continue hanging below October POC, i’m looking for them to attack our “don’t lose this area” and finally revisit the “important area to hold”, which, now, happens to coincide with the yearly value area high.

I’m certainly not bullish at the moment, but i’m also aware that it’s anybody’s game.

Curious to see if Friday’s late holds, or, if, in an unsurprising move, our poor low will be revisited in short order, and we continue the pullback…or cleaned up before bouncing back up to our previous highs.

Take small risks, be patient. Focus on the process; results will take care of themselves, i promise.

📰 News This week

Goverment shutdown blues; it’s anyone’s market, we’ll play it as we see it. If i get wind of any major potential catalysts this week on that front, I’ll update in the daily.

Here’s to patience, learning, and profits!