March 17
Discord access link: https://discord.gg/UPbu6PZFDp
I will switch to the June contract on Tuesday.
On Friday we saw the end of Daily One Time Framing Lower which resulted in the move back to Wednesdays’ high near the 5647 BZ level; this is also due to the “inside day breakout failure”.
Going into Monday’s session I will be monitoring for potential support near the 5600 psychological level to see if we get responsive buyers near that area (we have Friday’s Value Area Low at 5598.25).
The most bullish scenario would be for us to see initiative buyers above the 5648 BZ level to see if we can get a move back to the 5700 psychological level. If we trade above 5711.25 we will see the end of Weekly One Time Framing Lower.
Bullish Scenarios:
Longs above 5600 or above 5647. Above 5647 I will target 5676 or 5705.
Bearish Scenarios:
Shorts below 5589 targeting 5530.
Shorts below 5530 targeting 5500 followed by 5472.