October 28

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

October 28 Pre-Bell Update

• Overnight Inventory is long. We are still trading inside of Friday’s range so gap rules don’t apply. Most of the action has taken place between the bottom of Friday’s single prints and the 5881 Balance Zone level.

• VWAP is sitting at 5875 which is near the top of Friday’s Low Volume Node on the profile.

• Since we are going to open inside of Friday’s value area I will be monitoring for responsive trades by leaning against structural levels. I’m going to be monitoring the 5881 BZ level since that’s exactly where we have Friday’s Value Area High.

• I’m also going to be monitoring buyers’ ability to keep us within Friday’s upper distribution.

October 28 Plan

On Friday we saw an attempt at an “inside day breakout” after the session opened on a true gap. The lack of interest above the 5900 psychological level sparked a liquidation break that filled the gap and almost resulted in the “inside day breakout failure”.

• The “H period” liquidation break left single prints in the profile between 5860.25 and 5870. Within these single prints we have Friday’s halfback at 5868. Going into Monday’s session, I will be monitoring this area to see if seller re-emerge. If buyers can fill these singles, I will be looking for a move back to the 5881 BZ level.

Bullish Scenarios:

• Longs above 5870 targeting 5881.

• Longs above 5881 targeting 5900 followed by 5940.

Bearish Scenarios:

• Shorts below 5867 targeting 5852.

• Shorts below 5850 targeting 5823 followed by 5794.

• Shorts below 5794 targeting 5779.

Nasdaq:

• Longs above 20,585.00 targeting 20,757.00.

• Shorts below 20,585.00 targeting 20,372.00.

• Shorts below 20,372.00 targeting 20,200.00.