This blew my mind, Smash, "Holding below 6867 would target Thursday's low at 6842 (DT1), which has yet to see a daily close below." How the heck do you manage to keep track of everything? Sometimes I think it's a whole building delivering these newsletters!
I suppose that due to location and positioning issues, someone isn't interested in liquidating positions below that, but how the heck do you manage to observe the profile so broadly?
It’s an interesting observation. Thursday’s session was a trend day, yet sellers have failed to generate meaningful downside continuation—specifically, a daily close outside Thursday’s range—which raises legitimate questions about the depth and conviction behind the move. The subsequent look-below-and-fail of the multi-week balance area further points to a lack of participation from stronger sellers.
That said, sellers still retain short-term control as long as Thursday’s trend-day structure remains intact and unchallenged. Shifting that control would require acceptance above 6890.
Bring up a 30-minute chart and you’ll see that trading activity above 6890 has been largely limited to upper wicks on both Thursday and Friday, signaling repeated probes higher that failed to gain acceptance. A meaningful shift in tone would require value and acceptance to build above that level, something buyers have struggled to achieve so far.
Thanks Smash!
This blew my mind, Smash, "Holding below 6867 would target Thursday's low at 6842 (DT1), which has yet to see a daily close below." How the heck do you manage to keep track of everything? Sometimes I think it's a whole building delivering these newsletters!
I suppose that due to location and positioning issues, someone isn't interested in liquidating positions below that, but how the heck do you manage to observe the profile so broadly?
It’s an interesting observation. Thursday’s session was a trend day, yet sellers have failed to generate meaningful downside continuation—specifically, a daily close outside Thursday’s range—which raises legitimate questions about the depth and conviction behind the move. The subsequent look-below-and-fail of the multi-week balance area further points to a lack of participation from stronger sellers.
That said, sellers still retain short-term control as long as Thursday’s trend-day structure remains intact and unchallenged. Shifting that control would require acceptance above 6890.
Thank you for all the knowledge; it's a privilege to have your perspective. We'll see how it develops; P-Shape is in play.
Closing at the same spot for straight 3 days!
Thanks smash!
At that SmashLevel saw 1500+ orderflow activity(HVN), joined long and sold at 20s.. what a great ride! Thanks smash 💥
Hi Smash
Could you kindly explain why you chose 6867 as your smash level?
You said "D" period high;what was the significance of this level?
Thank you
Covered in the February 19 plan.
Great, thanks Smash! I'm just trying to understand, why buyers need to reclaim 6890. Why is that level important?
Bring up a 30-minute chart and you’ll see that trading activity above 6890 has been largely limited to upper wicks on both Thursday and Friday, signaling repeated probes higher that failed to gain acceptance. A meaningful shift in tone would require value and acceptance to build above that level, something buyers have struggled to achieve so far.