May 29

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

Yesterday we saw a red-advertisement of prices within Tuesday’s single prints. If it weren’t for the “A period look above 5940, the session would’ve ended as an “inside day”.

• As of the time of this writing we are trading above 5940 but just below yesterday’s high which means that gap rules don’t apply. We have the Overnight High right around the 6000 psychological level. Will initiative buyers show up here above the Overnight Low? That’s what I’m going to be monitoring. We have yesterday’s Value Area High at 5934.25 and yesterday’s open at 5940.25.

• VWAP is sitting at 5976.

Bullish Scenarios:

• Longs above 5940 targeting 5969.

• Longs above 5969-76 targeting 5998.

Bearish Scenarios:

• Shorts below 5932 targeting 5910.

• Shorts below 5910 targeting 5881.

Nasdaq:

• Longs above 21,661.00 targeting 21,833.00.

• Shorts below 21,620.00 targeting 21,488.00.