Good morning traders!
Yesterdays session couldn’t have possibly gone any better.
Starting the session I had high confidence in sell even when we began the session inching to 4020s, see below.
If you saw yesterdays levels, you would have also noticed I had ZERO long levels!
Not at any point yesterday was I looking to take part on a move higher and I went into details on the why over in the telegram but I will show it here.
Starting off the day Jobless claims came in terrible with increases in new and continuous claims.
From that point I gave updates and we began to move up to 4020. I showed everyone my thoughts on the chart of the why I believed this level was going to hold us down. 4020 was HOD with little to no activity above before a mighty 140 handle decline.
So many warnings were sent out to everyone to be positioned accordingly for a move lower with caution to anyone looking or already in long positions.
By 2 PM we achieved our 3950 target with no signs of stopping the sell.
There’s one day type you don’t step in front of and that’s a trend day.
Time to dive into what I think will pan out for todays session to wrap up a hell of a week!
Make sure to also read this as this is detrimental to understanding what I do, Volume Profile is the soul of my trading.
Nearly every stock is at the swing level that was provided in the substack last week, go check it out:
Events
NFP 0830 EST
The Non-Farm Payrolls (NFP) is an index that measures the number of jobs added or lost in the US economy each month. It is released by the US Bureau of Labor Statistics on a monthly basis. The NFP is an important economic indicator as it reflects the overall health of the labor market and provides an indication of future economic activity.Unemployment 0830 EST
The Unemployment Rate is the percentage of people in the workforce who are unemployed. It is released by the US Bureau of Labor Statistics on a monthly basis. The Unemployment Rate is an important economic indicator as it reflects the overall health of the labor market and provides an indication of future economic activity.
