July 30

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

With this morning’s liquidation break and the end of Daily One Tim Framing Higher we saw the repair of one the poor lows. Today’s low is exactly the same at last Thursday’s poor which means that it still needs to be repaired.

• The biggest takeaway after today’s session was the lack of selling interest below the 6400 psychological level. Even with the lack of selling, we can see that new buyers didn’t step in.

• Today’s session has two distributions since we have some single prints between 6423.25 and 6425.50. Going into tomorrow’s session, buyers need to fill these single prints in order to reject today’s lower distribution. Personally, I would like to see a stronger liquidation break below the 6400 psychological level which could lead to a new really since the lower prices could attract new buyers.

Bullish Scenarios:

• Longs above 6407 targeting 6425.50.

• Longs above 6425.50 targeting 6436.

• Longs above 6436 targeting 6451.

Bearish Scenarios:

• Shorts below 6407 or below 6400 targeting 6378.

• Shorts below 6378 targeting 6349.