June 5

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

Today was a pretty muted session— it was a balance day mostly within and above yesterday’s “upper distribution” but with a complete lack of interest above the 6000 psychological level. The fact that today’s high is at 5999.25 could mean that the high is “weak”. A “weak high” usually means that today’s sellers were of the short-term kind due to it being right at such a visual reference.

• Going into tomorrow’s session it’s all about monitoring for continuation of Daily One Time Framing Higher. If it ends, I would monitor for a re-advertisement of prices within Tuesday’s single prints below the 5969 BZ level.

Bullish Scenarios:

• Longs above 5985 or above 5998 targeting 6028.

Bearish Scenarios:

• Shorts below 5977 or below 5969 targeting 5959.

• Shorts below 5959 targeting 5940.

• Shorts below 5940 targeting 5881.

Nasdaq:

• Longs above 21,755.00 targeting 21,833.00.

• Longs above 21,833.00 targeting 22,046.00.

• Shorts below 21,661.00 targeting 21,488.00 followed by 21,243.00.