Thanks, smash. It was tough getting into FDT; it kicked me out twice before I could make the move. It's a pleasure to read your content, thanks, and have a great session tomorrow. FOMC & NVDA
Nice levels today Smash, framed the major RTH moves perfectly.
It's not every day that ES serves up a quadruple bottom at a key level before a 50 point move.
The gap at 7299 is acting as something of a dam for defending the last 200 handles of initiative buying, is that a fair statement? If sellers manage to fill that gap, that would open the door to revisiting a good chunk of territory below?
Thanks. If 7299 is filled, the gap-fill reaction (or lack of rejection) will tell us a lot about the state of sellers.
Below that, the next downside magnet is the HVN around 7160. A tag of 7160 would also complete roughly a 5% correction off the ATHs. In the broader picture, as long as the balance around 7160 holds and is not taken out, buyers remain relatively safe. Below 7160 and especially below the prior ATH at 7031, the structure is ugly, and things could deteriorate quickly.
Thanks Smash! Always quality with you.
Thanks buddy!
Caught my first ever LBAF right at the open on the smashlevel, all thanks to you. May God bless you !
Well done!
Thank you for this.
Thanks, smash. It was tough getting into FDT; it kicked me out twice before I could make the move. It's a pleasure to read your content, thanks, and have a great session tomorrow. FOMC & NVDA
🤝 (FOMC minutes)
Nice levels today Smash, framed the major RTH moves perfectly.
It's not every day that ES serves up a quadruple bottom at a key level before a 50 point move.
The gap at 7299 is acting as something of a dam for defending the last 200 handles of initiative buying, is that a fair statement? If sellers manage to fill that gap, that would open the door to revisiting a good chunk of territory below?
Thanks. If 7299 is filled, the gap-fill reaction (or lack of rejection) will tell us a lot about the state of sellers.
Below that, the next downside magnet is the HVN around 7160. A tag of 7160 would also complete roughly a 5% correction off the ATHs. In the broader picture, as long as the balance around 7160 holds and is not taken out, buyers remain relatively safe. Below 7160 and especially below the prior ATH at 7031, the structure is ugly, and things could deteriorate quickly.
Thanks a lot. Beautiful levels
Thanks a lot, Smash!
If 7375-7380 is visited a few more times that will make a dozen this week. 👀
And it's only Tuesday!