Weekly [11/17] Study
Hello SetStack : Have you been enjoying your 3-Course Meal?
Last Weeks’ Release had expected :
Predominant Balance between 6805 - 6850
Head-Fake with a Spike above 6850 but below 6900
Met with a Final Flush into 6700.
What Actually Happened : What Was Expected ; There was no difference!
$ES from release : Trades 6805 → 6850 → 6700 : Balance and Flush
$NQ from release : Trades 25500→ 25800 → 24600 : Balance and Flush
![Weekly [11/10] Study](https://substackcdn.com/image/fetch/$s_!qsVn!,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%2F4f1e54ea-1dbf-43b9-9c4d-b94b05b519f3_2048x1476.png)
I am expecting a rotational cadence predominantly influenced by 6805 / 6850.
Dips into 6700 may temporarily see active buying but ultimately considered as small fish unless above 6900+.
As shared, I expected Sellers to be capable of defending their auction.
There was even a glorious note early in the week building up to the Climax Short.
There was even a glorious note the day of the Climax Short, all according to plan!
Auction at Hand
This week has been dealing with Government Shutdown Headlines and in return we had a rotational cadence with a Flush into the end of the Week. The unique part to this sequence was seen when Friday Session Gaps Down below 6700.
Dips into 6700 may temporarily see active buying but ultimately considered as small fish unless