October 5th - 11:30am EST
We had a great week, and Institutions continued to buy and keep price moving higher. We reached our weekly targets of 6767, 6792, 6801.
(You can read last week's trade plan under the related publications section)
Our weekly low was around 6680 on Wednesday and we reached our weekly high of 6801 on Friday afternoon before pulling back into the close. We have continued to find buyers in the 6748-56 range, and we really need to hold the 6750 level, or we will need to pull back further for us to find liquidity to move higher. Ideally, we pull back to the 6720-25 level and then continue higher. IF, we lose the 6705 level, we will most likely need to retest last week's low at 6680-85.
Key Support Levels - 6750-54, 6740, 6730, 6719, 6705, 6685
Key Resistance Levels - 6772, 6780, 6800
Weekly Targets - 6807, 6813, 6827, 6840+
Our first level at the overnight session to flush and reclaim would be Friday's low of 6753. This area has been tested multiple times this week and we should get another leg higher before losing this level. IF, price does lose 6753, we would need to look at 6741 to be flushed and reclaimed, 6732, 6720 are 2 other levels below to be looking for flush and reclaims.
I will post my Daily Trade Plan by 6am EST Monday, so that we can allow price action to tell us what it is trying to do. IF, you do trade the overnight session, the 6753 reclaim should be bullish and is the first area, I am looking for.
(I post a more detailed daily plan, and this allows me to focus on price action daily. The weekly plan is a bigger picture overview, but obviously that can change at any time based on daily price action) - *Follow me so you don't miss my daily updates
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Purple Levels - Weekly High/Low
Green Levels - Weekly Targets
Yellow Levels - Daily Key Levels (See Daily Trade Plan)
White - Trendlines that may produce support/resistance alongside the horizontal trendlines
We had a great week, and Institutions continued to buy and keep price moving higher. We reached our weekly targets of 6767, 6792, 6801.
(You can read last week's trade plan under the related publications section)
Our weekly low was around 6680 on Wednesday and we reached our weekly high of 6801 on Friday afternoon before pulling back into the close. We have continued to find buyers in the 6748-56 range, and we really need to hold the 6750 level, or we will need to pull back further for us to find liquidity to move higher. Ideally, we pull back to the 6720-25 level and then continue higher. IF, we lose the 6705 level, we will most likely need to retest last week's low at 6680-85.
Key Support Levels - 6750-54, 6740, 6730, 6719, 6705, 6685
Key Resistance Levels - 6772, 6780, 6800
Weekly Targets - 6807, 6813, 6827, 6840+
Our first level at the overnight session to flush and reclaim would be Friday's low of 6753. This area has been tested multiple times this week and we should get another leg higher before losing this level. IF, price does lose 6753, we would need to look at 6741 to be flushed and reclaimed, 6732, 6720 are 2 other levels below to be looking for flush and reclaims.
I will post my Daily Trade Plan by 6am EST Monday, so that we can allow price action to tell us what it is trying to do. IF, you do trade the overnight session, the 6753 reclaim should be bullish and is the first area, I am looking for.
(I post a more detailed daily plan, and this allows me to focus on price action daily. The weekly plan is a bigger picture overview, but obviously that can change at any time based on daily price action) - *Follow me so you don't miss my daily updates
---------------------------------------------------------------------------------------------------------------------
Purple Levels - Weekly High/Low
Green Levels - Weekly Targets
Yellow Levels - Daily Key Levels (See Daily Trade Plan)
White - Trendlines that may produce support/resistance alongside the horizontal trendlines
Nota
October 10th - 7:16am ESTWe reached our first 2 weekly targets 6807 & 6813 Wednesday evening. We have had a weekly low of 6747 on Tuesday and have made higher highs, higher lows. Today, bulls need to hold 6750-53. To keep us moving higher, we need to reclaim 6792-93 and that should give us the ability to keep price moving up the levels.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.