Weekly [05/11] Study

Good Morning Traders!

April Flows initiate an incredible Bottoming Sequence from 6350 and now finds itself +1000p Higher into 7450. Movement of this kind is incredible on its own, but what really solidifies this as a Historical Recovery is the fact it managed to accomplish this feat in just thirty (30) trading days! Incredible.

This market went through a series of events. Simplified and Highlighted Above.

1. Eternal Chop : Lasting Range-Bound Market

   1. Price Primarily traded in a Rotational manner.

   2. Respected Relative Highs and Lows, causing repeated Auctions.

2. Awaited Poke Below : Break of Structure / Exploration

   1. Price Attempted to Initiate Lower.

   2. Low Break with Retest and down move.

   3. Low Recovery with Initiation

3. Can’t Break Lows : Go Check Highs

   1. Price couldn’t Trade Lower

   2. Chasing Sellers must Buy to Cover their losses.

   3. Patient Buyers may decide to now Buy, equipped with a Low Reference.

4. Accelerated Auctions : Sharp and Unforgiving Price Action

   1. Series of Unfavourable Prices.

   2. Sellers can’t make Progress.

   3. Buyers must Buy High.

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Straight to the Point : High Level Thoughts
Recent Weekend Headlines was caused by a Valid Buyer

Weekly [03/23] Study

Prior release mentions the appropriate Buyer into the formed Lows. This idea may have been further supported by the FED and their decision to print more dollars.

A common phrase, “Don’t fight the FED.” comes to mind.

With a Reference Low, an Influx of Buying, and a Point of Interest now strongly secured by Buyers; This became a recipe for Outrageous Buying.

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With Timestamps, I’ve provided direction + reference + 0DE Execution for :

1. The eventual Flush from 6805

2. The Bottom set for Relief into 6300

3. The Printing with FED at 6400

4. The OnlyLongs at 6800

5. The Crescendo 5X Size into All Time Highs at 7160

I reference this as now at 7400, I don’t know, n’or really care what the Market does. I’ve maintained clear direction for the entirety of the sequence above. For now, I take a backseat. Regardless, these are my concise thoughts on the Auction at Hand.

Respect Price.

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Things may begin to get Trappy.

Re-framing the Auction, the Market spent a long time in balance.
Then it tried to Break Lower but only temporarily successful.

The market returned to balance and was declared unfair on its arrival.
It was allowed to freely travel to the other end of the Auction to break.

The recent activity has now done the same amount of exploring above balance.
This may be the Crux of the entire Auction.