June 23

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

On Friday we saw a move back towards Wednesday’s high (inside day breakout failure) but the failure to take out 6073.75 during Friday’s “A period” triggered a liquidation break back to the 6000 psychological level area.

• During the last two weeks we’ve been trading mostly in between the 6000 psychological level and the 6116 Balance Zone level. In the short term, for buyers it’s all about getting us back above 6028 while for sellers it’s all about keeping us below 5998.

• Within Friday’s profile we have some single prints between 6042.25 and 6047.50. If buyers trade back above 6028 this is the area that they need to get through.

Value Area:

VAH 6032.75
POC 6011.00
VAL 6009.50

Bullish Scenarios:

• Longs above 6028 targeting 6047.50.

• Longs above 6047.50 or above 6057 targeting 6115.

Bearish Scenarios:

• Shorts below 6028 or below 5998 targeting 5969.

• Shorts below 5969 targeting 5940.

Nasdaq:

• Longs above 21,833.00 targeting 22,046.00 followed by 22,391.00.

• Shorts below 21,833.00 targeting 21,661.00 followed by 21,488.00.

• Shorts below 21,488.00 targeting 21,243.00.