🟩 Daily: OTFU 🟩 Weekly: OTFU 🟨 Monthly: BALANCE Weekly Extreme High: 4135 Weekly Extreme Low: 3865 An in-depth daily plan will, as usual, be published tomorrow. Monday's session broke out from the 2 day balance and closed back within the prior balance area and above previous week's level of interest 3805. We tagged the first upside target 3847 (20% correction level) on Tuesday, where selling activity was encountered. Tuesday's high was left unfinished as noted in Wednesday's plan. The daily one time framing up ended on Wednesday, where we closed out the session at the lows following a directional downward move away from value. Sellers needed to see a follow through on Thursday, meaning acceptance of these lower prices or value would act as a magnet. Lack of follow through combined with the market responding positively to the CPI numbers triggered a massive squeeze that resulted in a breakout from the 3 week balance and we cleared all weekly upside targets. The imbalance to the upside continued on Friday, leaving an unfinished high but also a poor low.
I like the notes! Love the new format
Thank you Smash! I like that you added the commentary as text as well!
I like the notes! Love the new format
Thank you Smash! I like that you added the commentary as text as well!