When RTH opens above FUT, or below FDT, I typically take a defensive approach, meaning I'm cautious about chasing. The ideal scenario would be a pullback toward FUT, but I'm not sure how likely that is today, as the auction has already moved significantly.
The next target is Weekly Resistance (the all-time highs), an area that becomes unfavorable to chase if reached without any meaningful pullbacks.
One idea: If we get an early RTH pullback (following a potential LAAF of the ON High), monitor for responsive buyers if VIX retests its broken support at 16.76.
Thanks Smash!
Which software is this its very clean visual and detailed
Thanks, Sierra Chart.
Thank you
Awesome content
Hi Smash. Question, how we do if tomorrow we open above the daily plan’s FTU? Use the weekly levels? Thanks!
When RTH opens above FUT, or below FDT, I typically take a defensive approach, meaning I'm cautious about chasing. The ideal scenario would be a pullback toward FUT, but I'm not sure how likely that is today, as the auction has already moved significantly.
The next target is Weekly Resistance (the all-time highs), an area that becomes unfavorable to chase if reached without any meaningful pullbacks.
Overall, I'm just scalping today.
Thanks, yes I’m also expecting a PB let’s see. Thanks for your answer
One idea: If we get an early RTH pullback (following a potential LAAF of the ON High), monitor for responsive buyers if VIX retests its broken support at 16.76.
I will. Thanks!