June 9

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

After Thursday’s retest of the top of the “5-Day Balance” area, on Friday we saw a migration of value above the 6000 psychological level and a daily close above it. Going into Monday’s session it’s all about monitoring for continued acceptance above 6000. For sellers it’s all about trading back below 5998 in order to then trade below Friday’s low which would prevent continuation of Daily One Time Framing Higher.

Value Area:


VAH 6019.00
POC 6013.75
VAL 6003.25

Bullish Scenarios:

  • Longs above 6000 targeting 6028.

  • Longs above 6028 targeting 6057.

Bearish Scenarios:

  • Shorts below 5998 targeting 5969 followed by 5940.

  • Shorts below 5940 targeting 5881 (5-Day Balance Area breakout failure).

Nasdaq:

  • Inside Day Rules



Next

June 6