The 6975 pivot being a composite LVN aligned with last week's VWAP is a strong setup - those confluences usually deliver cleaner reactions. I've noticed when Friday forms an inside day after big liquidiation moves like Thursday's, the breakout direction on Monday tends to follow whichever way pre-market volume leans. VIX confirmation at 16.33/18.55 is solid too, helps filter false breaks.
<<A bullish development would involve building value above 6994, while a bearish development would involve building value below the 2026 opening price at 6927. Failure to achieve either would maintain rotational conditions, favoring responsive activity over initiative trades.>>
Hi, Smashelito! Great newsletter as always. The whole analysis is valuable, but that final paragraph really stands out — it reads exactly like the concise morning briefing a desk manager would give the traders: clear levels, clear conditions, actionable bias.
The 6975 pivot being a composite LVN aligned with last week's VWAP is a strong setup - those confluences usually deliver cleaner reactions. I've noticed when Friday forms an inside day after big liquidiation moves like Thursday's, the breakout direction on Monday tends to follow whichever way pre-market volume leans. VIX confirmation at 16.33/18.55 is solid too, helps filter false breaks.
Thanks Smash! Let's see where we open.
Have a great session, thanks for everything you do
<<A bullish development would involve building value above 6994, while a bearish development would involve building value below the 2026 opening price at 6927. Failure to achieve either would maintain rotational conditions, favoring responsive activity over initiative trades.>>
Hi, Smashelito! Great newsletter as always. The whole analysis is valuable, but that final paragraph really stands out — it reads exactly like the concise morning briefing a desk manager would give the traders: clear levels, clear conditions, actionable bias.