April 28

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

On Friday we saw acceptance above Thursday’s LVN, which means acceptance within/above the “upper distribution”. The session ended with a “poor high” which could mean that the up auction hasn’t finished yet. Buyers were able to look into the open gap that we have above. Because of these “bullish elements”, I’m going to be monitoring for support above the 5530 Balance Zone level and I will be favoring longs above this area. The main goal before filling the large gap above is to find support above the 5600 psychological level.

• For sellers it’s all about getting us back below the 5500 psychological level in order to then end Daily One Time Framing Lower.

Bullish Scenarios:

• Longs above 5530 targeting 5589-5600.

• Longs above 5600 targeting the gap fill at 5610.75 followed by 5647.

Bearish Scenarios:

• Shorts below 5511.25 or below 5500 targeting 5472.

• Shorts below 5472 targeting the base of Thursday’s single prints at 5441.50.

Nasdaq:

• Longs above 19,470.00 targeting 19,782.00.

• Shorts below 19,400.00 targeting 19,128.00.

• Shorts below 19,128.00 targeting 18,915.00.