June 6

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

This morning we saw the end of Daily One Time Framing Higher followed by a look above the 6000 psychological level. The lack of continuation above it resulted na. Liquidation break back to the 5940 BZ level which is the top of the “5-Day Balance”.

• Going into tomorrow’s session it’s all about buyers’ ability to keep us above 5940 since trading below it once again could trigger the “Balance Area breakout failure” which could take us back to 5881.

• For buyers it’s all about reclaiming the 5969 BZ level.

Value Area
VAH 5997.00
POC: 5970.00
VAL: 5955.50

Bullish Scenarios:

• Longs above 5957 targeting 5969.

• Longs above 5969 targeting 5998.

Bearish Scenarios:

• Shorts below 5957 or below 5940 targeting 5910 followed by 5881.

Nasdaq:

• Longs above 21,661.00 targeitng 21,833.00 followed by 22,046.00.

• Shorts below 21,661.00 or below 21,488.00 targeting 21,243.00.