March 27

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

Large liquidation break today after sellers were able to end continuation of Daily One Time Farming Higher. Notice that we have some single prints between 5785.50 and 5790.75. The top of these single prints add confluence to the 5793 BZ level.

• With today’s move sellers were able to trade below the 5764 BZ level which means that we are back inside the prior multi day balance area. Also notice that once below it, buyers couldn’t close a 30 minute period back above it. Today’s low is also poor which could mean that the down auction hasn’t ended yet. On the other hand, sellers still need to take us to 5722.25 in order to fill the gap below.

• I’m also going to be monitoring last week’s high at 5770.50.

Value Area:

VAH 5809.50

POC 5759.25

VAL 5754.75

Bullish Scenarios:

• Longs above 5764 targeting 5790.

Bearish Scenarios:

• Shorts below 5754.75  or below 5764 targeting the gap fill at 5722.25.

• A short within the single prints with stop above the 5793 BZ level could be a trade I consider due to it being such a noticeable LVN. It would also be looking for sellers who can keep us below Monday’s swing low at 5795.

Nasdaq:

• Longs above 20,200.00 targeting 20,372.00.

• Shorts below 20,125.00 targeting 19,782.00.