US500 Outlook 5/29

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Bullish on SPX till around 4330.1 which is some old high buyside liquidity. NFP week this week so take all analysis with a grain of salt. The market will decide where it wants to go on Friday morning. Everything that happens before then is building of liquidity.

All other relevant POIs are annotated on the chart.

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ملاحظة

long on SPX, dont like buying during lunch but the daily BPR is too attractive not to.

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initial reaction favorable.

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going break even

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there's a decent chance the day closes bullish.

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can you see the liquidity yet?

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didn't get the push for the daily open that I wanted. holding interday with SL at BE. Hoping for completion before NFP friday morning.

١ يونيو ٢٠٢٣

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still holding. Asia threatened stopping out break even.

١ يونيو ٢٠٢٣

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going to give it till yesterday's low

١ يونيو ٢٠٢٣

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will add if i get this.

١ يونيو ٢٠٢٣

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juuust when you are about to lose hope and capitulate. Its engineered to do that.

١ يونيو ٢٠٢٣

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tapped into second position

١ يونيو ٢٠٢٣

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trading is not easy. but it can be simple. its a series of "if/then"s

What do you want to see? How will you react if the market moves how you wanted it to?

١ يونيو ٢٠٢٣

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a less risky take profit will be here at the 12H FVG.

But where's the fun in that?

١ يونيو ٢٠٢٣

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TP1 bagged and tagged. 80% off the table, holding for TP2.

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this is why i take profit 80/20.

١ يونيو ٢٠٢٣

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notice that after invalidating the 12H FVG area, price returns to it before continuing to push up.

١ يونيو ٢٠٢٣

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Today is my birthday, grateful the market gave me presents

٢ يونيو ٢٠٢٣

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All TPs hit, trade collapsed. done for the week.

٢ يونيو ٢٠٢٣

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if we take all the trading from below the weekly open, and extend it above the weekly open, price is currently at a 1:1 projection. This would have been a nice target had I either wanted to hold longer, or enter a new trade today