5.5 Gap up + Early rally to 1st TI Then we Slowly Consolidate Prior to The Long Holiday Weekend

Today we Gaped Up 5.50pts on a slow open we crack the 13,500 tick open bar @1242 and rallied to the 1246.75 peaking at the 1st Time Interval. The rest of the morning was very slow and tight movement in a range. we appeared to break out at times but not much follow through. Traders are preparing for the long holiday weekend. 

Daily Trade Review

Recap Notes:

Trade Selection - Good 13 Open Ice Entry but Poor exit, I kinda panicked out the trade because i entered too many lots at once BUT the price was moving in favor, This was the best opportunity of the day, the remaining setups were Vague with cycle flipping very fast proving consolidation after a few days of trending prior to the long holiday weekend

Today's 15m Close: Weakness. Probar with Stopping Volume and and upthrust type bar closing up into round number 1250 Cycle Resistance.

Accumulation Range: Intraday Session: 

Globex: None

Distribution Range: Intraday: None

Globex: Pro Bars @ 1248 Peaks &  Wide Spread Block closing Up @1244

Today's $TICK Close: +598

INTANGIBLE OBSERVATIONS:

Day After a Tight Range drifter with Strength on the close - Be aware of the previous day type and whether its close plays out in the Globex session, this will give us our directional premise for the Open. Think Momentum on the Open. 

This is the 4500, 1500 and 13,500 tick after momentum bounced in pre-open But resumed on the Open.

Remember to be quick on entering the 13 open Ice - have the 13,500 up 1st and measure the bar H/L.

Day Type to Recognize - Today was a Breakout, Then Flag, then Breakout day all in the same direction. All breaking out on each Time Interval.

Last 2 days showing Flag breakouts and Time Interval bars Breaks.

Tripple Crown May be too good to be true - When price makes a triple crown be weary if we dont get a swift move right away.  This may be due to the opposite cycles from the past still holding, so look for delayed cycles S/R that may be present.

1pt Gap Up = Early Continuation of Down Momentum From Globex highs

Today we had a continuation Open with a -1pt gap. The prior days closing Strength Played out in the Globex session by rallying more than 16pts and reversing down into the pre-open were it bounce off the 1230 Round Number. 13,500 printed Block Volume on the Opening bar that was never broken. The 1500 Tick was in PB in trend and printed multiple probars with Blocks at the Peak Resistance. 

Daily Trade Review

Recap Notes:

Trade Selection - Great 15 and 13 Open Ice 1S1K, 

But I Took 2 liquid scalps for scratch and didn't like any other setups. 3 total trades.

Today's 15m Close: Weakness. Probar with Stopping Volume and and Hangman type bar closing up into 15M Cycle Resistance.

Accumulation Range: Intraday Session: 

Globex: None

Distribution Range: Intraday: None

Globex: Pro Bars @ 1248 Peaks &  Wide Spread Block closing Up @1244

Today's $TICK Close: +598

INTANGIBLE OBSERVATIONS:

Day After a Tight Range drifter with Strength on the close - Be aware of the previous day type and whether its close plays out in the Globex session, this will give us our directional premise for the Open. Think Momentum on the Open. 

This is the 4500, 1500 and 13,500 tick after momentum bounced in pre-open But resumed on the Open.

Remember to be quick on entering the 13 open Ice - have the 13,500 up 1st and measure the bar H/L.

Day Type to Recognize - Today was a Breakout, Then Flag, then Breakout day all in the same direction. All breaking out on each Time Interval.

Last 2 days showing Flag breakouts and Time Interval bars Breaks.

Tripple Crown May be too good to be true - When price makes a triple crown be weary if we dont get a swift move right away.  This may be due to the opposite cycles from the past still holding, so look for delayed cycles S/R that may be present.

18pt Gap Up off previous days close + Globex Momentum = Early Rally, Then Flag, Then Rally

Today we Gap Up 18pts off the previous days close. Globex Momentum was very strong to the upside. We rallied immediately on the open. 13 Open Ice broke and moved 7pts in the 1st 15M. We formed a tight flag and broke up again on the 1st time interval. From there we continued to form small flag breakouts while drifting higher on tight range.

Daily Trade Review

Recap Notes:

Trade Selection - Ok. only 2 sequences today. I was tired and unwilling to negotiate. After Missing the 13 open ice I entered 1 liquid trade that was not qualified due to it being in the 90 grind. The 2nd entry was a 15/5 that moved 2pts max fairly quick but would eventually go 4+ over the day, but i was Good with my exit. No Regrets.Good stoppage early. Simply recognizing that I missed my best opportunity and I'm not fit for the grind today.

Today's 15m Close: Strength. High volume bars closing down off Support, Block down, multiple doji's.

Accumulation Range: Intraday Session: 1231-1233

Globex: None

Distribution Range: Intraday: None

Globex: None

Today's $TICK Close: +598

INTANGIBLE OBSERVATIONS:

Remember to be quick on entering the 13 open Ice - have the 13,500 up 1st and measure the bar H/L.


Day Type to Recognize - Today was a Breakout, Then Flag, then Breakout day all in the same direction. All breaking out on each Time Interval.
Last 2 days showing Flag breakouts and Time Interval bars Breaks.

Tripple Crown May be too good to be true - When price makes a triple crown be weary if we dont get a swift move right away.  This may be due to the opposite cycles from the past still holding, so look for delayed cycles S/R that may be present.