May 7

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

May 7 Plan

• Daily One Time Framing Lower continued yesterday after sellers were able to migrate value back below the 5647 BZ level. Notice how we have the excess high just below the 5676 BZ level. With yesterday’s session, buyers were able to keep us within last Thursday’s spike— stronger sellers would’ve taken us to 5589.

• The short-term goal for buyers is to take us above 5647 in order to then pressure yesterday’s excess high— they need to end Daily One Time Framing Lower.

• For sellers it’s all about getting us back below 5619 in order to try to take out yesterday’s low and retest that 5589 BZ level/area.

• No gap rules / Overnight Inventory is technically long. We are going to open inside of yesterday’s value area so I will look for responsive trades.

Value Area

VAH 5648.25 POC 5625 VAL 5624.25

Bullish Scenarios:

• Longs above 5647 targeting 5676.

• Longs above 5676 targeting 5706.

Bearish Scenarios:

• Shorts below 5618 targeting 5589.

• Shorts below 5589 targeting 5530.

Nasdsaq:

• Yesterday’s high right at the 20,027.00 BZ level.

• Longs above 19,900.00 targeting 20,027.00 followed by 20,200.00.

• Short below 19,850.00 targeting 19,667.00 followed by 19,470.00.