$SYM nice looking setup for August...
Think we need to take out last month's low but following that price would get into a monthly and quarterly bullish imbalance in discount of the bullish price run... only one small imbalance to beat at $49
Daily bullish imbalance already prevented 🥶
Thinking we will see something like this heading into Q4...
Take out July lows and push price into weekly discount, ideally having the S&P catch up with Nasdaq and get into its monthly bullish imbalance. Once we reach discount I won't be as uneasy...
$SPY $QQQ
Is the bottom in?
I wouldn’t be so sure about that just yet… BUT forming a daily bullish imbalance would be a good start. Let’s see how we close tomorrow
I’ll have some clips out over the weekend for you all on my thoughts
$SPY
Is the bottom in?
I wouldn’t be so sure about that just yet… BUT forming a daily bullish imbalance would be a good start. Let’s see how we close tomorrow
I’ll have some clips out over the weekend for you all on my thoughts
$SPY
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$AMZN
Really not a fan of Amazon, as anything beyond the monthly time frame looks scary, as the next substantial support isn't until $161
We should see 225.55, which is last month's low and from there the lower time frames look a little better. Following the sweep, I'd like to see price close above last month's low, and from there, there wouldn't be too much resistance overhead unless we form something this week.
So despite not having too many bearish levels overhead, the lack of higher time frame imbalances makes me a bit spooked on this one.