Weekly [11/12] Updated
![Weekly [11/12] Thots](https://substackcdn.com/image/fetch/w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa2196202-5533-4733-af17-56745b2e814c_1946x1318.png)
For those who have missed it : Whether due to Paid Subscriber Wall or away from the markets, let me summarize this for you.
The plan I published Monday spoke of a few specific things :
Trading above 15660 would “Reset” the auction, and firm up structure
Pointed to Pivotal Support at 15470, this was the Swing Low of the auction.
Target 15840, marks the Open off our CPI Gap Up
Plan Unfolds
Buyers had one job to prove that Fridays’ activity was not climactic. They passed with flying colours. CPI print hits and Price blasts through Local Resistance with ferocity. Buyers manage to meet a structural player where we expected, but over the session they too begin to break against the mighty bid.
Some of the gems unlocked this week.
Epic “What Once Was Resistance, Now Support”
15580 Auction Break : Upside Initiation
15830 Auction Pivot : Provides Support + Swing Low Access
Some of the gems unlocked This MONTH :
Long continuation from as EARLY as 14450.
Long continuation from thereafter at 14930.
Long continuation from thereafter at 15240.
Now trading 15600, Stunning.
Very insightful. While I don't understand it all because l'm still learning, I read & study all your post. My charts don't look as pretty as yours ☺️ but thank you for everything that you do 🖤
Set---Can you in an upcoming post speak to some of the data on the footie in Sierra. Red/Blue, total volume, Ask-Bid volume etc.... I understand what it's saying (i think) just don;t know what's actionable vs chop. It would be super helpful. Trying to learn.