NAS Outlook 6/5

٦ يونيو ٢٠٢٣

Bullish on indices in general, as long as price is trading above the daily bullish OB. On NAS there is a potential for it to reverse off the monthly OB, or to keep pushing into the monthly FVG.

Will be looking for short term discount pricing long trades till a new high, after which I have less clarity on the potential direction at time of analysis.

Happy Trading!

٦ يونيو ٢٠٢٣

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Weekly open price was not annotated in the published idea, by now you should already have that drawn on your chart.

٦ يونيو ٢٠٢٣

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opted to trade SPX, but forward testing this on NAS.

٧ يونيو ٢٠٢٣

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looking to buy NAS

٧ يونيو ٢٠٢٣

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long on NAS

٧ يونيو ٢٠٢٣

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TPs updated. might be early will attempt one more time if taken out.

٧ يونيو ٢٠٢٣

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٧ يونيو ٢٠٢٣

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considering going break even. IF the idea is right there's no reason for price to want to return to entry levels. Will hold out a little longer.

٧ يونيو ٢٠٢٣

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that sucks

٧ يونيو ٢٠٢٣

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lol still in this, insane price action. trade is in the market's hands to do what it will.

٧ يونيو ٢٠٢٣

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taken out. Not loving the price action this week.

٧ يونيو ٢٠٢٣

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My bias is changing on NAS, should have been a better bulllish reaction today. I think we are reacting off the Monthly bearish OB and I am not expecting the daily OB to hold.

Will either abstain or look for shorts to close out the week.

٨ يونيو ٢٠٢٣

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We are in a monthly OB that I had thought June would want to wick through before reversing but it does not look like that is what is playing out. If price is reversing I am watching the failed daily FVG for potential shorts on the lower timeframes.

٨ يونيو ٢٠٢٣

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im in a short anticipating price will not trade through the daily FVG that failed to hold bullish yesterday. May fall as far as the daily FVG below. will decide if I wish to exit more conservatively if it plays.

٨ يونيو ٢٠٢٣

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was stopped out. giving it another shot as I think we close the week bearish. likely last execution of the week either way

٨ يونيو ٢٠٢٣

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٨ يونيو ٢٠٢٣

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Was definitely not in sync w the market this week, but thats bound to happen every now and again. weekends are to regroup, re-evaluate market conditions and come back stronger!

٨ يونيو ٢٠٢٣

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moving well. need the day to close below the failed bullish FVG for confidence in expectation of further bearish expansion.