April 25

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

After Monday’s look below prior week’s low and fail we have seen a rally back to the 5500 psychological level and above. With today’s defense of the 5400 psychological level we saw a rally that ultimately resulted in buyers looking above the April 9 high.

• Within today’s profile there is a low volume node at 5487 and single prints between 5441.50 and 5456. We have today’s halfback exactly at the 5472 BZ level. In other words, there are a couple of areas in which responsive buyers could show up if we open tomorrow’s session somewhere inside today’s range.

• Notice that today’s high is right around where we have to bottom of the large gap. Buyers’ main goal should be to trade into this gap which can result in a move back to 5647.

Bullish Scenarios:

• Longs above 5500 or above 5530 targeting 5589.

• Longs above 5589 targeting the gap fill at 5610.75.

Bearish Scenarios:

• Shorts below 5472 targeting the bottom of the single prints at 5441.50.

• Shorts below 5441.50 targeting 5413.

• Shorts below 5413 targeting the gap fill at 5339.25.

Nasdaq:

• Longs above 19,128.00 or above 19,300.00 targeting 19,470.00.

• Longs above 19,470.00 targeting 19,782.00.

• Shorts below 19,128.00 targeting 18,575.00 or the gap fill at 18,514.00.