what i'm looking at this week 2025.12.08

🌟 Welcome!

📸 The Big Picture

So, we came back into the week from Thanksgiving break with a relative fizzle. Price action was dogwater (and still is, to be honest). But don't be deceived, they still tried to grind it up. Is it a trap? will they crack back into the edge the value area of the previous all time highs (25834) this week? FOMC week so we could sell the news big time. Or use an an excuse to test the all time highs. pictured below is the ugly price action, along with my key levels this week.

They certainly keep trying to eke their way up, meeting selling at every turn, but still putting in higher highs and higher lows. Friday, she cracked the 99th percentile (3 sigma low) of the ATH value area, but was rejected, and we’re now again below it, but this morning (Monday) they could begin their jaunt back up into the area.

As far as i'm concerned, as long as they're trudging towards the ATH value area, it's buy the dip season, at our key levels, in the short term. My caveat is that because we are in this "uncertain grind up" mode, i've found that i've had to be more comfortable with wider stops, which for me means sizing down. While the trend is bullish, it has a pretty brittle feel still as of now, following a more of a trendline, rather than bonafide price action levels.

This morning they’ve managed to stay above the weekly open (which is also above friday’s value area high, and well above PWVAH) even through London, watching to see if they hold or fall. As of this writing they’ve broken out of the candle I we looking at, (with 11 minutes left to show and prove to me on the next hour candle if they’re just messing around still or not) if they begin to fall below the weekly open again, last week’s value area high (aka PWVAH aka 68%) is the bogey.

📰 News This week

Here's this week's economic data:

FOMC rate decision on Wednesday is the main event, followed by Jerry’s Jawn (fed press conference)

Here’s to patience, learning, and profits!