April 9

Discord access link: https://discord.gg/UPbu6PZFDp

Another big selloff today after the lack of interest above the 5300 psychological level, failure to trade inside the gap above. Sellers left single prints in the profile between 5142.75 and 5170.25. The top of these single prints will add confluence to the 5179 BZ level. We have another set of single between 5037.50 and 5064.50. The top of these singles will add confluence to the 5062 BZ level.

• Most of today’s range is inside of the prior day’s range. We could treat it as a type of “inside day”, meaning that I will monitor the breakout above or below either extreme.

Bullish Scenarios:

• Longs above the POC at 5018.50 targeting 5062.

• Longs above 5100 targeting 5179.

Bearish Scenarios:

• Shorts below 5062 or below 5004 targeting 4945.

• Shorts below 4945 targeting 4828.  Followed by 4770.

Nasdaq:

• Longs above 17,470.00 targeting 17,900.00

• Shorts below 17,470.00 targeting 16,575.00.