*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Overview:
- Today was a good day for the bulls as the main indices broke to the upside from their consolidation ranges. Barring a significant reversal Sunday night, I expect continuation for the first half of the week
- Once these moves complete, I will look to take short term RISK OFF and await the w(2) pullbacks
- Note: This does not mean I will be short or immediately go all cash; rather I will reduce risk and proceed with extra caution on longs
- I may look for shorts in the later half of the week IF we get a clear move down from the (1) highs.
- Today’s flag break likely signals the end of w4. As long as 4680 holds I expect ATH’s by the middle of next week
- $NQ was a little shaky early in the day, but rebounded nicely on the second test of demand. Just a tad more continuation should send this to 16,600
- $YM finally broke out of the w4 bull flag and is looking bullish to 36,200
- I’m keeping an eye on bitcoin this weekend as a sentiment guide. I’d like to see strength from this backtest to signal a ‘risk on’ environment heading into Monday. A break back down into the channel could be a hint of weakness in the equity markets.
Setups:
- Setup: 4-1,2
- Confluence: Demand zone, Trendline support
- Trigger: Break above 116.14 (or 2H Reversal from fib zone)
- Conditions: If there is gap up, I will wait until a dip to at least 118
- Setup: 1,2
- Confluence: Algo divergence, Oscillator divergence, Massive options flow
- Trigger: Break above 37.04
- Conditions: Must reverse and trigger entry without a 2H close below 36.34
- Setup: 4-1,2
- Confluence: Demand Zone, Algo Divergence
- Trigger: Break above 302.57 (4H Reversal)
- Conditions: Must Trigger without a 4H close below 290
- Setup: 4-1,2
- Confluence: Gap fill, Reversing from weekly demand
- Trigger: 4H Reversal from fib zone
- Conditions: Must Reverse above 92
- Setup: 4-1,2
- Confluence: Strong Algo, Hidden bullish divergence
- Trigger: Break above 1022
- Conditions: Must trigger before a 2H close below 976
- Setup: A,B Down
- Confluence: Supply, Trendline convergence
- Trigger: 4H Reversal from supply
- Conditions: Must reverse before $64
Developing:
