#SPX #DailyReview #DailyOutlook:
Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure.
This setup played out today Number1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. We tapped into the 4H+FVG(H) twice pushed up from there to take the PWH. Still think this may push up a bit more given that NAS has not taken the PWH after bouncing to the upside off of the 4H+FVG(H) as well. A lot of liquidity is resting above those highs.
#1 Taking the PWH should still be at risk. We only tapped it and there may be reason to push through. News on tomorrow could change it all so be careful.
#2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below.
4H chart
Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure.
This setup played out today Number1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. We tapped into the 4H+FVG(H) twice pushed up from there to take the PWH. Still think this may push up a bit more given that NAS has not taken the PWH after bouncing to the upside off of the 4H+FVG(H) as well. A lot of liquidity is resting above those highs.
#1 Taking the PWH should still be at risk. We only tapped it and there may be reason to push through. News on tomorrow could change it all so be careful.
#2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below.
4H chart
