Weekly DOL on ES and NQLiquidity has built up nicely above the weekly imbalance. Price is setting up for a run on sellside liquidity into the weekly imbalance.
Our narrative:
ES took out all time highs, taking out a huge liquidity pool. After price has mitigated a level like that, the next possible move is to rebalance itself.
Our relative priceleg is the move to ATH from two weeks ago. It contains a discount weekly imbalance (an internal liquidity) which can possibly be traded to. It's our next draw on liquidity.¶