11/28/23 NAS Daily Outlook
11/28/23 NAS Daily Outlook
#NAS #DailyOutlook
We took the PDL and traded into the 4H+FVG then bounced off of it as projected. We traded into and off of the W-FVG(L) again. I personally didn't catch this one from focusing on SPX's choppiness. We set the high PDH inside of the W-FVG and the low PDL inside of the 4H+FVG and left SSL inside of the NY open session.
This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am.
10:00am
USD
CB #ConsumerConfidence
101.0 102.6
#BullishCase: The bullish case is how we respond to this 1H+FVG we made during London session yesterday as we are simultaneously holding near the high of the 4H+FVG(H) near 15954.4. We should be looking for price to reach back into the W-FVG(L) and the for the PDH/PWHs.
#BearishCase: The bearish case will be how we manage the fresh liquidity left behind within the NY open session SSL($). Below that we still have the 4H+FVG that is holding us up but we'll still be aiming for the PDL lows from Tuesday and Wednesday.1H chart
4h chart
D chart:
#NAS #DailyOutlook
We took the PDL and traded into the 4H+FVG then bounced off of it as projected. We traded into and off of the W-FVG(L) again. I personally didn't catch this one from focusing on SPX's choppiness. We set the high PDH inside of the W-FVG and the low PDL inside of the 4H+FVG and left SSL inside of the NY open session.
This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am.
10:00am
USD
CB #ConsumerConfidence
101.0 102.6
#BullishCase: The bullish case is how we respond to this 1H+FVG we made during London session yesterday as we are simultaneously holding near the high of the 4H+FVG(H) near 15954.4. We should be looking for price to reach back into the W-FVG(L) and the for the PDH/PWHs.
#BearishCase: The bearish case will be how we manage the fresh liquidity left behind within the NY open session SSL($). Below that we still have the 4H+FVG that is holding us up but we'll still be aiming for the PDL lows from Tuesday and Wednesday.1H chart
4h chart
D chart:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.