🟩 Daily: OTFU | Ends: 3965.75 🟩 Weekly: OTFU | Ends: 3897.25 🟨 Monthly: BALANCE | 4 Month | H: 4141 L: 3502 Weekly Extreme High: 4125 Weekly Extreme Low: 3910 As usual, a detailed daily plan will be published tomorrow. The market has shifted from balance to imbalance. In my previous Weekly Plan, we discussed the potential for 3960 to act as a magnet if buyers were able to hold above 3913, which is the prior 4 week balance low. On Monday, the market opened with a true gap up, breaking out from the 3 week balance and quickly tested the 3960 level, where selling activity was immediately encountered. The session closed right at 3913.75. On Tuesday, we partially filled the highlighted fill section, but sellers had trouble gaining traction below 3913. The session ended very strong with a spike to the upside, and an excess low. For the rest of the week, buyers were in control with daily one time framing up, and we closed within the highlighted weekly resistance area of 4045-4005, where selling activity could be expected. Note how the 3960 HVN acted as support once it was breached.
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