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PWH

11/28/23 US30 Daily Outlook11/28/23 US30 Daily Outlook #US30 #DailyOutlook No trade today! Too choppy for my liking and the price is just ranging to with entries that don't meet my requirements. We took out a PDL and tapped a PWH and made a PDH. We took liquidity from both the long (BSL) and the short side (SSL). Our closest HTF POI is the W-RB/D-OB and we're in the wicks but we haven't tapped into the body yet so, still think that this will be our POI to consider. The over night sessions were probably the cleanest but the entire NY session was choppy. This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am. 10:00am USD CB #ConsumerConfidence 101.0 102.6 #BullishCase: The bullish case is the LTF BSL($) that is above us and a move into the following: WOP, price completely through the PWH, the PDH from 11/26, and into the W-RB/D-OB. #BearishCase: The bearish case is PDH and back into the 1H+OB from 11/22 (Do you see it?). If we trade through this swing low with impulse, then I will aim for the PDLs from Thursday and Friday and then into the D-OB(L). 1H chart 4H chart D chart
FOREXCOM:US30
by Cory4rex
11/26/23 SPX Weekly Outlook11/26/23 SPX Weekly Outlook #SPX #WeeklyOutlook: Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: Currently taking the PDL, however, below this low are the following +POIs, a D+B and two 4H+FVGs. On the LTFs, we need to see how price reacts below this PDL and on the LTF if we get new +POIs with these ranges. #BearishCase: The PDL from Friday is also our POI for the sell setup as well. We need to watch the LTFs for an impulse through the low and on the LTFs once we trade through the low wait for a fresh -POI for a LTF setup. 1H chart 4H chart D Chart W Chart
BLACKBULL:SPX500
by Cory4rex
11/26/23 US30 Weekly Outlook11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. We tapped a W-FVG around 16000 and are in the moment fading into a 4H+FVG that we have already traded up from. On the LTF, after we take the PDL we made on Friday, we will need to watch how price reacts with the FVG on the LTFs #BearishCase: The bearish case is the PDL from Friday as well. If we trade through this low with impulse, then I will aim for the PDLs from Wednesday and Thursday on the LTFs 1H chart 4h chart D chart: W chart
FOREXCOM:NAS100
by Cory4rex
1
11/26/23 US30 Weekly Outlook11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. In the case of US30 we also have a W-RB(rejection Block)/D-OB that is just above the last PWH. #BearishCase: The bearish case is the LTF -LP($) from the 1H TF. If we trade through this swing low with impulse, then I will aim for the PDLs from Thursday and Friday. 1H chart 4h chart D chart: W chart
FOREXCOM:US30
by Cory4rex
11/21/23 All Indices Daily Outlook#NAS #SPX #US30 #DailyReview #DailyOutlook In the over night sessions, price was the smoothest on the indices, as the price failed to take out the PDHs on SPX and US30. NAS tapped the PDH and traded above it only to move back into the previous day’s range. The #fomc meeting notes and Treasury Secretary Janet Yellen in the afternoon seems to have held up up for now. The #homesales numbers came in off projects: 10:00am USD Existing Home Sales 3.79M 3.90M 3.95M The interest rates have dropped but this isn’t the time we’d typically see this number kicking up. Each of the indices has traded into 4H+FVG and that implies that we could still move up from where we are. The PDL from yesterday is my SSL draw if we push to the downside and the PWHs are still my targets for an upside move. #BullishCase As we have rest in this 4H+FVG on all 3 indexes, we’ll need to look for price to hold. As long as we don’t have an impulse to the downside through a PDL, we should be okay to still see a move from the FVG range. SPX and NAS, both have BSL as targets from the Closing session. But the targets, aside from this will be the the BSL, PDH and Was for all the Indices. #BearishCase If we manage to trade through the PDL on each of the indices and we do so with an impulse this will change my view of the short-term/ midterm to look for a sell. This would imply that the 4H+FVG has been mitigated and we could potentially see that IFVG or inverse FVG setup play out. For either situation patience and price action will lead the way! All Charts 1H
FOREXCOM:NAS100
by Cory4rex
11/19/23 SPX Weekly Outlook#SPX #WeeklyOutlook: Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a 4H+FVG and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs and into the FVGs, and these would be my short terms downside targets. 1H chart 4H chart D Chart
BLACKBULL:SPX500Long
by Cory4rex
11/19/23 NAS Weekly Outlook#NAS #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a 4H+FVG and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. We have a W-FVG that is my main target for us on NAS #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs and into the FVGs, and these would be my short terms downside targets. 1H chart 4h chart D chart:
FOREXCOM:NAS100Long
by Cory4rex
11/19/23 US30 Weekly Outlook#US30 #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a D+OB and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. We set an equal high EQHs with the PWH from 8/28/23. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . We are inside of a W-OB (not drawn) and D-OB but the is holding and setting up to push higher. #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. We have EQHs that is my main target for us on US30 #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs, SSL, and into the FVGs, and these would be my short terms downside targets. 1H chart 4h chart D chart:
FOREXCOM:US30Long
by Cory4rex
11/12/23#NAS #DailyReview #WeeklyOutlook Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly High after trading into the D+VIB and near the Weekly low. We also traded through the D-OB and if it is going to continue to the upside may use this as a new POI. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. #2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below. 4H chart
FOREXCOM:NAS100
by Cory4rex
11/12/23 SPX Weekly Outlook#SPX #DailyReview #WeeklyOutlook: Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. #2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below. 4H chart
BLACKBULL:SPX500
by Cory4rex
11/12/23 US30 Weekly Outlook#US30 #DailyReview #WeeklyOutlook Took out the PWH and traded into a W-FVG up to the mid point at 34300.6. The 1H/4H+FVG is sitting right at the W-FVG(L) at 34098.9 and if we move up this is likely where I may look for a move up. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 main goal is the PWH for an initial upside move #2 Pushing down into the +FVG that is the downside move on the LTF but, I want to see if the move is pushing down to move up from there. 4H chart
FOREXCOM:US30
by Cory4rex
Weekly Bias for DXY/GU - 10/1/23Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and the YOP which may be a tough task. Weekly Idea: DXY's strength be the thing I'm watching. This is a good area to fall from and that will spring GU to the up side. A fall lines up with the YOP holding price up on GU. However, if we take out the high on DXY, GU reaches into the YOP Daily Chart: The first draw is the PDH on DXY and the PDL on GU. We will need to pay attention to how the engulfing candles made on Thursday on DXY/GU are handled and this will be a range that the LTF will need to deal with. 4H Chart: DXY has a small 4H-FVG but the one above it is the one I'm interested in. The PDH has already been taken out and the response to the highs are what I'm looking for. On GU, the PDL hasn't been taken yet but its at risk so, I'll be looking at how price reacts to all of the +POIs (D+FVG,4H+Breaker, and the 4H+FVG, 4H+OB). If DXY fails to push through PDH, well look for price to trade into the 4H+FVG and and the same time I'll be looking at price inside of the 4H-FVG on GU.
by Cory4rex