Pivot : 16915 - 16930
Longs to : 16980 // 17110 // 17200~
Shorts to : 16830 // 16660 // [xxx]
Minor Pivot : 16780
Market Gaps up into recent Auction. Todays’ IB will be about determining who’s in control. Expecting my Auction Pivot or its break at 16980 to unravel the rest.
Currently keeping a sharp watch on 16830. If the market goes up, it is because they allowed it.
Trading above and I’ll resume a move towards 17110.
Yesterdays’ RTH Release displays my ideas of initial bearish theme, with an eventual Pivot-Flip. 16830 continues the morning Gap Down initiation. 16830 continues to cap intraday Price. 16830 flips from Resistance to Support into Close.
At this stage of the Auction/Time of Day, we had traded my Plan’s 16830 many times over and I believed this was the tape to lead to it being taken in the end.
To position for this move I used the previous Bid that I used to Exit. Its retest offered a Strong Low to play off of, that eventually led to a Swing.
NQ 16750 / ES 4750
“Low.”
New tape had continued to enter the Market. As an Orderflow trader, it was a True test of navigating Pivots correctly. Some sessions, there isn’t a change of state. Some sessions, there are multiple.
Between my SPX Puts, then Calls and now, a Swung Futures position. I have nothing else to do… for a while. My process seeks a reversal. If my entry aligns with Key Market Decisions, then I have nothing else to do.
I put on intraday risk so that if my Plan comes to fruition, Price and Price Action is no longer my current concern.
Thats it for me. Made nice run from 17000 to 17060. Thanks again for crazy precise level
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