🟨 Daily: BALANCE 🟩 Weekly: OTFU 🟨 Monthly: BALANCE Weekly Extreme High: 4115 Weekly Extreme Low: 3830 An in-depth daily plan will, as usual, be published tomorrow. The market basically took a breather last week, which was not surprising since we are within an area of prior balance. Note the stacked weekly VPOC’s to the left. The biggest event was the liquidation break on Thursday, that retested the weekly breakout and found buyers (trapped sellers got a chance to get out). That liquidation break cleaned out weak longs and failed to bring in new selling activity, meaning we closed out the week back at the weekly VPOC, which acted as a magnet in the lack of downward continuation.
Smash ES Weekly Outlook | November 21-25, 2022
Smash ES Weekly Outlook | November 21-25…
Smash ES Weekly Outlook | November 21-25, 2022
🟨 Daily: BALANCE 🟩 Weekly: OTFU 🟨 Monthly: BALANCE Weekly Extreme High: 4115 Weekly Extreme Low: 3830 An in-depth daily plan will, as usual, be published tomorrow. The market basically took a breather last week, which was not surprising since we are within an area of prior balance. Note the stacked weekly VPOC’s to the left. The biggest event was the liquidation break on Thursday, that retested the weekly breakout and found buyers (trapped sellers got a chance to get out). That liquidation break cleaned out weak longs and failed to bring in new selling activity, meaning we closed out the week back at the weekly VPOC, which acted as a magnet in the lack of downward continuation.