Smash, first of all, thank you for the impeccable analysis as always. Second, I'd like to know what relevance you give to the levels in the weekly plan. I ask because between DT1 and DT2 we have the bullish response at 6843. In the past, I've used the levels in the weekly plan as relevant in my day trading, but I don't know if this is counterproductive. Obviously, it all depends on the order flow around these levels.
Appreciate it! The daily levels hold more significance when it comes to intraday trading. I treat the weekly levels more as a framework for overall weekly bias. For instance, if the market is holding above 6843, that signals strength on a weekly basis—but that doesn’t necessarily translate to bullishness intraday. In fact, today, holding below DT1 at 6852 reflects a bearish tone intraday.
I understand, Smash! Thanks as always for taking the time to clear up my doubts, both here and on X. Everything is a set of confluences and points that need to be connected.
Exactly. For me negating Tuesdays trend day plus establishing within the lower distribution would have been cautious. As I say, we continue and learn. Thanks smash!
Thank you
you’re the goat smash
Thank you!
Smash, first of all, thank you for the impeccable analysis as always. Second, I'd like to know what relevance you give to the levels in the weekly plan. I ask because between DT1 and DT2 we have the bullish response at 6843. In the past, I've used the levels in the weekly plan as relevant in my day trading, but I don't know if this is counterproductive. Obviously, it all depends on the order flow around these levels.
Appreciate it! The daily levels hold more significance when it comes to intraday trading. I treat the weekly levels more as a framework for overall weekly bias. For instance, if the market is holding above 6843, that signals strength on a weekly basis—but that doesn’t necessarily translate to bullishness intraday. In fact, today, holding below DT1 at 6852 reflects a bearish tone intraday.
I understand, Smash! Thanks as always for taking the time to clear up my doubts, both here and on X. Everything is a set of confluences and points that need to be connected.
As usual, elevator down escalator up. Now that shutdown drama is over, next catalyst is $NVDA earnings before Thanksgiving vol selling galore.
Thank you very much!
tough day tbh. Felt like I entered with a strong bullish bias based on the week.
Yeah, it was a tricky session—early weakness, but not driven by strong sellers, as evidenced by the failure to negate Tuesday’s trend day.
Exactly. For me negating Tuesdays trend day plus establishing within the lower distribution would have been cautious. As I say, we continue and learn. Thanks smash!
🤝