November 5

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

Inside Day breakout to the downside today. There wasn’t much interest below last week’s range but at the same time sellers were able to close the session below Friday’s range.

• Today’s session repaired Thursday’s poor low. We now have Friday’s poor high that needs to be repaired.

• The game plan for buyers going into tomorrow’s session should be to try to get us back above the 5764 Balance Zone level in order to try to get the “inside day breakout failure”. For sellers it’s all about keeping us below the 5750 BZ level or below 5735 in order to increase the odds of seeing a test of the 5700 psychological level.

Bullish Scenarios:

• Longs above 5753 or above 5764 targeting 5794.

• Longs above 5800 targeting the gap fill at 5840.25.

Bearish Scenarios:

• Shorts below 5750 or below 5735 targeting 5705.

Nasdaq:

• Longs above 20,115.00 or above 20,200.00 targeting the gap fill at 20,472.50.

• Shorts below 20,115.00 or below 20,027.00 targeting 19,782.00.