S&P500: First green day

3 มิ.ย.

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“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range ✅ day 2 cycle
  
• Tuesday DAY 2 Initial Balance
  
• Wednesday DAY 3 (reset DAY 1) Mid Point Week
  
• Thursday DAY 2
  
• Friday DAY 3 Closing Range
  

2. SIGNAL DAY

• First Red Day
  
• First Green Day ✅
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day
  

3. WEEKLY TEMPLATE

• Pump&Dump
  
• Dump&Pump ✅
  
• Frontside ✅
  
• Backside
  

4. THESIS:

• Long: primary, potential buy low after the news, going to stop short traders from previous week, completing the weekly dump and pump.
  
• Short: secondary, the breakout of Friday left space with no retest, means that traders long never got their positions "shake". I wouldn't exclude a third hour reversal for a scalp back into the previous HOD.
  

Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

3 มิ.ย.

บันทึกช่วยจำ

I will be waiting the NYO 9:30am or news 10am before update this market, nothing really interesting in this current price action

3 มิ.ย.

บันทึกช่วยจำ

Market mostly consolidate all the day, I couldn't recognise any pump and dump/dump and pump, no trade

4 มิ.ย.

บันทึกช่วยจำ

SP500 dumped down into the gap left on the Friday's breakout, I would consider it as a stop hunt, however I wasn't able to recognise a good setup for this entry