Welcome back everyone!
Today, I noticed that last night's plan did not update the levels in the Daily Plan section. Unfortunately, I've made this mistake before when setting the levels on the trading platform. I typically copy and paste the previous plan's format and then input the new levels. Somehow, I overlooked this step, and I sincerely apologize for that oversight.
Regarding the long levels on both the Emini and Nasdaq, they were based on the lows at the open, and we came very close to reaching both of our targets. To verify this, you can refer to the "Breaking Down the Profile" section where I correctly posted the Emini levels. I'll provide you with the exact information from last night:
The Emini nearly reached my 4840 target, hitting a high of 4830. Shortly after reaching this level, we observed a significant shift as strong sellers entered the market, ultimately taking out the major LVN outlined earlier. This development perfectly aligned with my short thesis, which you can also find detailed in the images above.
Both the Emini and Nasdaq successfully reached their respective short targets, and we saw further selling activity towards the close. I also posted a critical tweet today regarding the market structure for bulls and bears as we approach the end of the year. I'll delve deeper into this topic in next week's market structure breakdown. In both cases, whether we remain bid above the level or see selling below it, we should anticipate potential volatility with clear direction. This is supported by the insights provided by the large players in the volume profile.
Now, let's shift our focus to my analysis for tomorrow by diving into what the Emini is indicating from a volume profile perspective.
Breaking Down the Profile
S&P500 (ES)
