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This week I charted close to 50 charts on X! Check them out @MandoTrading !
Weekly swing low swept on ES last week. ES took out the swing low, while NQ did not, so that leaves possible bullish SMT divergence... Other than taking the swing low, the next bounce I have is at support right above the 70% retracement level.
$DXY 10 STRAIGHT GREEN WEEKS! Hard to be bullish on indices before 105.88 gets swept.
I see a sweep of that blue line (Sellside Liq) and from that point I’d be waiting for an imbalance in either direction to foreshadow the next move. Not going to front run a long and catch a knife lower.
$NQ top tick for 1k points! Newsletter and Benzinga saw it first, if you look at my article on 9/4! Doesn't seem likely but with ES already taking the daily low, can NQ hold above the swing low for bullish SMT? Imbalance higher would lend me more confidence in that actually happening.
An absolute picture perfect example of my model in action. I've made 3 videos with this setup at work, describing the ins and outs of it. If you're interested, check it out!
Apple Inc. AAPL: Levels Can 173.71 hold as the low? Not much below until 172.20...
Tesla, Inc. TSLA: 1.5 Standard Deviations to the downside complete following the most recent golden pocket retracement. Will $TSLA find a bottom at 238.80? Support and the completion of 2 Standard Deviations to the downside...
Amazon.Com, Inc. AMZN: quite the ugly chart... bearish until proven otherwise, and the proof to me would be taking out swing high at 132.04.
Alphabet Inc. GOOGL: Levels Bearish until proven otherwise, and that would come with a break above 133.47 for me
NVIDIA Corporation NVDA: Levels Shorter time frame market structure shift bullish while in a larger time frame bearish trend... Retracement into the golden pocket or have lows been put in?
Microsoft Corporation MSFT: Levels Beautiful play out on my setup. Bearish Market Structure Shift (shifts when recent swing low taken out) Retracement into bearish imbalance in the discount level (50% and up) Swing low taken out, creating another shift lower
Advanced Micro Devices, Inc. AMD: Levels Still think we have a bit lower to go... Another beautiful setup using my model. Swing low taken out, Retracement into a discount bearish imbalance... Low swept next?
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TWO NEW YOUTUBE VIDEOS!
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This newsletter is a collection of my thoughts and is intended for educational purposes only. Nothing posted above is ever to be construed as financial advice.
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