September 15

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

On Thursday we saw a trend day that left some single prints in the profile between 6572.50 and 6574.75, and from 6579 and 6581.75. Once buyers were able to take us above the 6583 BZ level they were able to keep us above it but we then saw resistance exactly at the 6600 psychological level.

• On Friday it was all about monitoring for acceptance within/above Thursday’s upper distribution .This is exactly what happened— buyers kept us above the 6583 BZ level. Buyers were able to look a couple of points above the 6600 psychological level but there still wasn’t much interest above it.

• Going into this week it’s all about finding acceptance above the 6600 psychological level while for sellers it’s all about ending Daily One Time Framing Higher by trading below 6583. If this happens I expect Thursday’s single prints to be filled.

Bullish Scenarios:

• Longs above 6600 targeting 6626.

• Longs above 6626 targeting 6641.

Bearish Scenarios:

• Shorts below 6583 targeting 6554.

• Shorts below 6554 targeting 6525.