pwizzle34

pwizzle34

Divergence with ZB showing strength suggests that yields could push lower to start the week before FOMC Wed ZB showing strength comparatively with the Yields, which can suggest a retracement higher in bonds and reduction in yields before FOMC More evidence of specifically ZB 30yr Note strength with it refusing to be repriced lower with the ZN/ZF. Suggests ZB can...

pwizzle34

ZB showing strength comparatively with the Yields, which can suggest a retracement higher in bonds and reduction in yields before FOMC More evidence of specifically ZB 30yr Note strength with it refusing to be repriced lower with the ZN/ZF. Suggests ZB can see higher price this week atleast in the beginning of the week

pwizzle34

Bullish targets seem to be the low hanging fruit. At the moment looking all 3 indices, YM is the only indice to close over its Bearish Breaker. That would suggest early that the rest may follow higher but doesnt confirm closure over their respective bearish breaker.

pwizzle34

After such a bullish week, I do not expect much different for the first half of the week. We have Core and Retail sales plus FOMC meeting minutes Wednesday. Should see some volatility heading into Wednesday and Thursday. No news Friday this week. Looking forward the following week, we have tons of economic data and Jackson Hole plus OPEX. I can see price squeezing...

pwizzle34

CPI week. The estimate is crazy low at .02. The consensus is that inflation has peaked and the data will back that up. However, based on assumptions, I believe we trade higher into CPI, then numbers come higher and market drops to the weekly gap after hitting 4200/4250.

pwizzle34

Volatile Week coming. One thing we dont have is a FOMC in August so can continue to trade higher in August before data comes back in Sept. But for this week, I see us trading down tonight and up higher tomorrow. Following the 1st of the new month bullish trend. But week wise, I believe we trade down to imbalance/void and hit FVG to trade higher to take out BSL and...

pwizzle34

Will be interesting to see how DXY reacts after taking SSL and tapping inside but no closing in the daily gap. I expect a bullish retrace higher to the gap above on DXY causing the indices to feel pressure for this week

pwizzle34

We saw a slight shift in structure after SNAP earnings and ending of this week. NQ is presenting a discount while others are making HL. If the NQ closes below 12373, it will signal a BMS lower and the rest should gun for 7/21 10am candle low.

pwizzle34

Believe it to be the SMS to be bearish and finish the MMSM for rate hikes, big tech earnings, GDP. In addition, the ES has run up 8% finishing a daily gap which is about avg before a 3-4% pullback.

pwizzle34

Now that we have broken above highs and filled one daily gap, we should start to retrace. Very violent week with plenty of macroecon data and future implications on tech. We have run 8% on the ES and that is usually the avg of when we will see a pullback. Plenty of tech earnings this week including AAPL, META, GOOGL, AMZN. I expect us to at least retest 3920,...

pwizzle34

Now that we have broken above highs and filled one daily gap, we should start to retrace. Very violent week with plenty of macroecon data and future implications on tech. We have run 8% on the ES and that is usually the avg of when we will see a pullback. Plenty of tech earnings this week including AAPL, META, GOOGL, AMZN. I expect us to at least retest 3920,...

pwizzle34

Price traded up on Sunday and took out Friday's PDH on 60m. Price continued to trade into premium prior to 8:30/9:30. YM took out BSL prior to 830 while others did not suggesting repricing lower for ES & NQ. Shorts were warranted Price consolidated and from 530-700. Bearish Judas swing occurred with ES & NQ at 7:00 suggesting price wanted to go lower. Price formed...

pwizzle34

Price traded up on Sunday and took out Friday's PDH on 60m. Price continued to trade into premium prior to 8:30/9:30. YM took out BSL prior to 830 while others did not suggesting repricing lower for ES & NQ. Shorts were warranted Price consolidated and from 530-700. Bearish Judas swing occurred with ES & NQ at 7:00 suggesting price wanted to go lower. Price formed...

pwizzle34

We looking for the VIX to complete the move lower to fill in the gap and draw on gap lower. I do not believe $VIX will break 20 this week especially prior to the next rate hike. Since we expanded on Friday in the $VIX and $ES, I expect more muted moves in the beginning of the week as well fins our direction

pwizzle34

Looking for ES to push into premium and DXY to retreat lower and break through breaker due to premium to discount. However, DXY could stall at this level and let ES retrace lower.

pwizzle34

Divergence: NQ failed to make a LL while ES & YM made LL taking out SSL. This suggest they were unwilling to reprice NQ lower showing strength.

pwizzle34

Now that we have taken liquidity lower, we have shifted structure bullish. With the lack of news this week leading into the next rate hikes the following week, we should continue the shift in trend until LHF targets are met. 3925, 3950, 3980, 4000 are targets for the week.

pwizzle34

Now that we have taken liquidity lower, we have shifted structure bullish. With the lack of news this week leading into the next rate hikes the following week, we should continue the shift in trend until LHF targets are met. 3925, 3950, 3980, 4000 are targets for the week.