4pt Gap into Support + Failed Reversal Rally @ TI's = More Decline midday

Today we had a Gap down with Professionals stepping to accumulate at the lows, we sold off early down to1401.5 level at the the 2nd time Interval and started the typical reversal. But price failed after a weak rally and Pullback in trend to move lower on the day.

Recap Notes: Very long video today skip to the action @ 11:40, 14:25, 17:30 & 30:30.


 Liquid Trade Net Result P/L Trading List

Trade Selection -  Good Trading. Solid Liquid Entries at wholesale levels. I need to be a bit more patient in waiting for the pause and turns, but i was able manage risk with size at good wholesale levels. I could do a better job exiting into rallies.

INTANGIBLE OBSERVATIONS:

Previous Days Close & Premise Input is Key- Establish the premise on the close of each day. Use the premise Input Calculator and note high time frame activity.

Click Video Link Here

Open Gaps into EOT support are good liquid fades - Took advantage of the Gap into support early, Providing a solid pop.

***Notice we see NO blocks appear on the higher time frames as price sold off (13,500 & 15 minute)*** Specialist did NOT step in during the breaks through Support.***

***Only until We see Blocks show Up at the lows on the 15 minute does price stall put in significant rally and this may be only the 1st signs of Accumulation***

Block bars on these frames hold much more longer term Significance, when Exhaustion or Flush Signals are Added the Potential is even greater.