Markets With Mando Daily Stock Market Newsletter - Preparing For The Upcoming Week

Newsletter Saturday, 6/17

We'll start off by looking at the S&P on a higher time frame, the $ES weekly chart. As I stated last week, I like to chart using ES rather than SPY or SPX because ES runs 23 hours a day, 5 days a week, and that will lead to a lot less gaps and give some key overnight levels from overseas trading. Last week was another strong one, creating another bullish imbalance in the process. I will view that area from 4297 to 4348 as support moving forward. Price did make its way into a bearish imbalance, which ranges from 4449 to 4572. While these are large ranges, I believe having higher time frame levels can help set a bias going into a new week. I'd like to see the market pullback into the newly formed bullish imbalance I referred to above, and reprice higher from there. 

ES Daily - Bullish imbalance formed on the daily Friday, from 4439 to 4451. If I'm a bull, I would like to see price dip into this imbalance and bounce towards 4509 liquidity, take liquidity, and pullback from there, to connect with my higher time frame expectation. If I am bearish, I would like to see an imbalance down through the daily support level, retest, and reject from there. 

Rough week for DXY, fading hard before finally finding some support at 102. If DXY wants to bounce from here, it does have some resistance to take care of above. If support is faded, DXY could fade to liquidity at 100.78. 

SPY LEVELS SPY | 30 min - rejected bearish imbalance from Thursday and fell. Will be watching the reaction to support at 438.44. Would prefer it to bounce or knife through that level rather than chop around in there to fill it. 

AAPL | 30 min - Full video recap on Youtube. Took swing high before rejecting hard, taking swing low, and bouncing from there. Closed inside support, with a few resistance levels above. 

TSLA| 30 min - full video recap on Youtube. Bounced from support, took out resistance and later flipped it to support. Liquidity resting at 264.86. 

GOOGL | 30 min - textbook liquidity grab and dump. Reached above 125.46 before fading back down to support. I'll watch for a a move to 123 and see if price bounces from there. 

Public Setups

NFLX | 30 min - rejected resistance again and headed towards 432.63 liquidity. Created some resistance in the process. Support levels in green, while resistance levels are in red. 

AI | 30 min - video recap on Youtube. Liquidity grab and knife back down into support at 44.20. Two bearish imbalances formed in the process. 

PLTR | 30 min - takes out swing high before an ugly 930 candle. Price bounced and rejected that level before holding support into the end of the day. 17.04 and 16.01 are the two levels I'm watching headed into Tuesday. 

MARA | 30 min - Support bounce Thursday, consolidation, then a move into liquidity at 10.02 before rejecting there. Created multiple support levels in the process. If BTC remains strong I think we can see 10.58. 

AMD | 30 min - taps 125.91 liquidity and rejects hard off open, melting through multiple support levels. May need to see 117 before a bounce into one of the newly formed resistance levels.

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This newsletter is a collection of my thoughts and is intended for educational purposes only. Nothing posted above is to be construed as financial advice.