Yesterday we printed a tight ranged doji candle on both the SPX and the COMPQ, signaling indecision on the part of buyers and sellers and a marketplace coming into value. It now appears the markets have found supply up here which needs to be worked off. We may begin to see the auction process return to two-timeframe action after four solid days of long timeframe dominating the action.
Futures are lower overnight, and sellers are attempting to work down into 2/10 prices on the NASDAQ. We have many interesting levels below which we left behind during the dynamic push higher. I have highlighted a few potential scenarios on the day, and also some key price levels on the following market profile chart:
Raul, it’s now noon, and looks like we are actually “shaking it off”…! https://www.youtube.com/watch?v=HGyAwHwC9wk
This movie inspired me in so many ways, but mostly to see how many hard boiled eggs I can consume in one sitting
the master plan is taking hold today.
indeedy
our RVLT baby is crowning!
Lol, someone needs to bust out the forceps, that head has been trying to poke thru for months
large bullish engulfing candle and closing out of the wedge. tomorrow is bulls on parade for this bitch.