Yesterday's Power On Close = Weakness
Today's Open = Open @ 1164.50 GAP Dn (15.50 pts)
Result = Gap test & Seal by 710 TI
Result = Gap test & Seal by 710 TI
Today's TREND = Gap test & Seal by 710 TI
Today's 15 Minute Close Bar =UP @ 1149.00
Today's Power On Close = Weakness
Today's Power On Close = Weakness
Daily Volume = 2.78M Volume
Today's $TICK close = -858
R1 1154-1155.(Globex) R2 1158 R3 1164 R4 1126
S1 1143.(Globex) S2 1140. S3 1136 S4 1142
Daily Market Bias For Tomorrow =
-0.5 Modest Bear
Daily's are showing some signs of Weakness. The ES closed Down today after a break below the 1162.50 level with selling into the close. I think we may be headed further south if we test the 1162 area in Globex session. We do have cycle supprt printed on the ES and ES.D with ST* in both directions.
The ES Volume Profile has printed a p pattern after testing the ES.D's p- pattern early and reversing for day. The Vpoc of 1165 and 1166 are the key resistance points.
TRADE OF THE DAY:
The TOD was a BB Reversal that setup at 4500 resistance that was Punched through on an Upthrust (shows on 5 minute chart) @ 1166-1168. Then broke back below and tested the BB mid. retesting with a low volume narrow range bar close in lower middle, basically a NoD (shows on the 5 minute). Price then sell off and eventually falls thru the ice at 1160 slowing down with probars and Exhaustion @ 1152. This is another good example of Fallling thru the ice. You get multiple probars pushing thru supply on the higher time frames, notably the 4500 and 1500 shows best. The 500 does show it well.
HOW I DID TODAY:
TRADE SELECTION -
ENTRY'S -
EXITS -
NERVES -
Market Focus & Action:
WHAT I CAN DO BETTER:
WORK ON THE ENTRY's!- If i can get better Entry's I can avoid taking too much heat, although this is not a perfect art I feel I be a bit more tactful on when to enter. ie think lowest risk entry once the big picture is understood. I would rather enter a lower risk
SOLUTIONS:
Focus on Lowest Risk portion of the ANALYSIS - The reason for entry should have at least 4pts as an intangible target, so gauge the lowest risk and try to enter there. If it conflicts with confirmation then be cautious.
ENTRY'S -
EXITS -
NERVES -
Market Focus & Action:
WHAT I CAN DO BETTER:
WORK ON THE ENTRY's!- If i can get better Entry's I can avoid taking too much heat, although this is not a perfect art I feel I be a bit more tactful on when to enter. ie think lowest risk entry once the big picture is understood. I would rather enter a lower risk
SOLUTIONS:
Focus on Lowest Risk portion of the ANALYSIS - The reason for entry should have at least 4pts as an intangible target, so gauge the lowest risk and try to enter there. If it conflicts with confirmation then be cautious.
INTANGIBLE OBSERVATIONS:
Discontinue Triple Crown Setups, At least until im able to distinguish this from falling thru the ice.
This is another good example of Fallling thru the ice. You get multiple probars pushing thru supply on the higher time frames, notably the 4500 and 1500 shows best. The 500 does show it well.
This is another good example of Fallling thru the ice. You get multiple probars pushing thru supply on the higher time frames, notably the 4500 and 1500 shows best. The 500 does show it well.
