Disclaimer: Any analysis you see here is meant for educational purposes and is not trading advice. Any trades or investments made using this are entirely the reader's decision based on their evaluation of the risks and market knowledge.
Recap: Endless range-bound action from the last 8–9 sessions within our levels. Below was our plan for getting into the week, which pretty much outlined these levels, but the price has just remained pretty much within the grey area between bulls and bears, which is 4545 and 4568.
On the other indices, the action was also very much aligned with the plan.
QQQ saw the sell-off towards 383, DIA towards 361 and IWM towards 183.77
Many other recommendations were spot on in the weekly post. We saw a big move in TLT, BTC, COIN, CLSK, AAPL, and CAT, and we got drops in MSFT, NVDA, GOOG, and NFLX to the demand zone. I hope you were able to capture some of these.
Now going into the next couple of days’ action on Indices, let’s see where we stand in our trade plan. We do have more jobs data coming for the rest of the week but the way the price is consolidating, it does look like we will make one more move on the upside before the correction really kicks in.
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