We came into the session bullish but saw 20 handles MAE from support (7732)
Not ideal at all but the rally is now coming to fruition
Soon to achieve target (7803)
I’m curious, were you long or short today?
The squeeze in tech stocks will be magnificent
All selling will be wiped in a matter of weeks
Join the ride or get out of the way
Flint retweeted
We have broken back below $ES_F 7700 overnight with broad weakness in tech.
Can't be bullish while below this level which means low 7600s in play today.
What's your bias going into today?
Bounce or Round 2 of selling
We have broken back below $ES_F 7700 overnight with broad weakness in tech.
Can't be bullish while below this level which means low 7600s in play today.
What's your bias going into today?
Bounce or Round 2 of selling
Session high provided before the open
Now down 40 handles and counting
Maybe this time more selling will come 🤔
Strong reversal far off from target with price now back into the upper value area
Need to be bullish above the 7780 VAL
This market wants to go higher and earnings is going to guide the S&P to new ATH
Plenty of shorts to squeeze to break the 8,000 milestone
Fakeout rally at the open which attempted to keep price in the upper value area. Didn’t take long for the market to rollover below the LVN. Since then it’s been a bloodbath with price currently below the key 7710 target.
Not a good sign heading into next week. More selling is coming.
200 handle reversal from our resistance 🤯
7780s target achieved for +60 handles
We gave you session high with the target now the current low
Very simple Volume Profile setup:
Map out the Value Area: VAL / POC / VAH
Where is price? Below POC
Is this bullish or bearish? Bearish (short-term)
What is Resistance? POC (7839)
What is Support? VAL (7780)
Will todays volatility likely meet this Support? Yes
Is there a catalyst to support this move? Yes, inflation data
If a move to either the VAH or VAL is above volatility threshold then look for a HVN to use as target. In this case we would look for a HVN between the POC and VAL.







