Bullish on indices in general, as long as price is trading above the daily bullish OB. On NAS there is a potential for it to reverse off the monthly OB, or to keep pushing into the monthly FVG.
Will be looking for short term discount pricing long trades till a new high, after which I have less clarity on the potential direction at time of analysis.
Happy Trading!
Will be looking for short term discount pricing long trades till a new high, after which I have less clarity on the potential direction at time of analysis.
Happy Trading!
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Weekly open price was not annotated in the published idea, by now you should already have that drawn on your chart.
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opted to trade SPX, but forward testing this on NAS.
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looking to buy NAS
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long on NAS
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TPs updated. might be early will attempt one more time if taken out.
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considering going break even. IF the idea is right there's no reason for price to want to return to entry levels. Will hold out a little longer.
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that sucks
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lol still in this, insane price action. trade is in the market's hands to do what it will.
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taken out. Not loving the price action this week.
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My bias is changing on NAS, should have been a better bulllish reaction today. I think we are reacting off the Monthly bearish OB and I am not expecting the daily OB to hold.
Will either abstain or look for shorts to close out the week.
Will either abstain or look for shorts to close out the week.
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We are in a monthly OB that I had thought June would want to wick through before reversing but it does not look like that is what is playing out. If price is reversing I am watching the failed daily FVG for potential shorts on the lower timeframes.
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im in a short anticipating price will not trade through the daily FVG that failed to hold bullish yesterday. May fall as far as the daily FVG below. will decide if I wish to exit more conservatively if it plays.
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was stopped out. giving it another shot as I think we close the week bearish. likely last execution of the week either way
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Was definitely not in sync w the market this week, but thats bound to happen every now and again. weekends are to regroup, re-evaluate market conditions and come back stronger!
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moving well. need the day to close below the failed bullish FVG for confidence in expectation of further bearish expansion.
Let the algo show you its hand.