June 4

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

Today we saw a definitive breakout above the “5-Day Balance”. Going into tomorrow’s session I’m going to monitor for continuation of this breakout. Buyers left single prints in the profile between 5959.25 and 5963.75, and from 5964.50 to 5968.25. The top of these single prints add confluence to the 5969 BZ level.

• I’m going to be looking for support above the 5969 BZ level or above the 5983 BZ level. The goal should be to find support above the 6000 psychological level.

• For sellers it’s all about filling today’s single prints and taking us back below the 5940 BZ in order to trigger the Balance Area breakout failure which will would take us back to 5881.

Bullish Scenarios:

• Longs above 5969 or above 5983 targeting 5998.

• Longs above 6000 targeting 6028.

Bearish Scenarios:

• Shorts below 5969 targeting 5959.

• Shorts below 5959 targeting 5940 followed by 5900 or 5881.

Nasdaq:

• Longs above 21,661.00 targeting 21,833.00.

• Shorts below 21,600.00 targeting 21,488.00 followed by 21,243.00.