Yesterday's TREND = Range Day
Yesterday's Power On Close = Strength
Today's Open = Open @ 1286.50.25 GAP UP (5.25pt)
Result = Early Reversal off Pivot Support Strong Up TREND
Today's TREND = Strong Up Trend
Today's 15 Minute Close Bar =DN@ 1282.50
Today's Power On Close = Strength
Daily Volume = 978,448 Light Volume
Today's $TICK close = -175
Daily Market Bias For Tomorrow =
.573 Modest Bull
Still No Exhaustion to the Upside after yesterdays Flush signals on the High Frames - 13,500/4500/15 minute
The Daily's bounced off the Lower Trend Channel on Light Volume for the day.If we test the 1289 level early and fail then we may see a hard sell off to close the week. Conversely if we Gap down and fail to break today's Lows then we could see a rally for the day. There is no Red News friday so what ever happens it could be slow.
TRADE OF THE DAY
Came very early on Previous Days Strength with 15 minute, 13,500 and 4500 Support. We had a Stopping Volume on the Dailys and Block pushing price above the daily pivots in the Globex. The TOD was a long Entry @1275.75 off the 1500/500 cycle support sync with BB 1/2 line sync as well.
The trade rallied over the next 15 minute to the high of 1282.5 Our Bias and Day Type match as the day showed a 5.25 Gap on the open (Signaling early reversal and Strong Trend Warning) with 1.375 Strong Bull Market Bias.
The trade rallied over the next 15 minute to the high of 1282.5 Our Bias and Day Type match as the day showed a 5.25 Gap on the open (Signaling early reversal and Strong Trend Warning) with 1.375 Strong Bull Market Bias.
WHAT I COULD HAVE DONE BETTER:
take early profits and NOT marry the target, 2 points is great especially after 1 Shot 1 Kill and Low Volitility Days.
INTANGIBLE OBSERVATIONS:
Check the Day Type on Open to see if it says the same as the Daily Market Bias. (This is a Daily Open & Close Sync)
If so there should be a stronger conviction to directional bias of the day. Take trades only in that direction and focus on a 1 shot 1 Kill.
BB 1/2 line can also sync with price Cycles.
More subtle Exit clues and tells - For Strong Trends we see Vix, INDU and SPX.X consistently at Extremes early.
30 Minute Volume Profile Reacting with Bounces off previous POC's. Today we saw POC line up in tight range.
(Notice the 3 middle profiles from 8:00 to 9:00 with price fluctuating between 1283 to 1282.25) This is strong break out indication with Trend Strength in background.
If so there should be a stronger conviction to directional bias of the day. Take trades only in that direction and focus on a 1 shot 1 Kill.
BB 1/2 line can also sync with price Cycles.
More subtle Exit clues and tells - For Strong Trends we see Vix, INDU and SPX.X consistently at Extremes early.
30 Minute Volume Profile Reacting with Bounces off previous POC's. Today we saw POC line up in tight range.
(Notice the 3 middle profiles from 8:00 to 9:00 with price fluctuating between 1283 to 1282.25) This is strong break out indication with Trend Strength in background.
