August 1

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

I think the most important element going into the last day of the week and into the first day of the month is the fact that we are still Weekly One Time Framing Higher. For it to come to an end, sellers would need to trade below 6318.75 before tomorrow’s close.

  • If sellers can keep us below 6378 I will be looking for a move to the bottom of the Balance Zone at 6349 for a retest of the top of the 3 week balance area.

  • We have a poor low at 6318.75 that needs to be repaired.

Bullish Scenarios:

  • Longs above 6378 targeting 6407.

Bearish Scenarios:

  • Shorts below 6378 targeting 6349.

  • Shorts below 6349 targeting 6320.

• ⁃ Shorts below 6318 targeting 6291.



Next

July 30