September 23

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

*During the next couple of days, plan will be posted here but I won’t be trading. I will be traveling out of the country to deal. with an important family matter.

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During today’s session, we saw buyers above Friday’s Point of Control who were then able to trade above Friday’s high. Once there was support above the 6729 BZ level we saw initiative buyers take us almost exactly to the 6758 BZ level/target.

• Buyers left single prints in the profile between 6719.50 and 6722.75, and from 6725.25, and 6728.50. I’m going to focus on the single prints that we have between 6737.50 and 6741.75, and between 6743.50 and 6744.50. This means that today’s profile has multiple distributions. Whenever we have sets of single prints close to each other I will treat it as one. In other words, the most bullish scenario would be for buyers to find acceptance within or above today’s “upper distribution”. As short-term traders it’s all about monitoring for continuation.

• The fact that today’s high is a “poor high” could mean that the up auction hasn’t ended yet since auctions are supposed to end with excess.

• For sellers it’s all about taking us back below the 6729 BZ level which would place us below today’ swing low and back inside last week’s range.

Bullish Scenarios:

• Longs above 6737-43 or above 6758 targeting 6787.

• Longs above 6787 targeting 6800.

Bearish Scenarios:

• Shorts below 6729 targeting 6700.

• Shorts below 6700 targeting 6685.