Flow State #43

Welcome back everyone!

What an exceptional week behind us, teeming with numerous winners. The standout performer was LLY, which achieved consistent all-time highs, soaring up to 585—a notable jump of +135 handles since its initial recommendation. ZM also witnessed a surge, climbing to 75 from 65, a move perfectly timed right at its recent swing lows. I anticipate further upside momentum for ZM, with my initial conservative target steadfastly set at 80. Notably, this upward movement is happening even in the absence of enforced COVID restrictions, suggesting that major institutions are increasingly taking comfortable positions in this stock.

NVDA retraced from my forecasted 500 level, marking a 50-handle pullback not once but twice! This demonstrates the effectiveness of order flow levels in predicting market movements with remarkable precision. The strategy to optimally position yourself based on these levels will become clearer as you practice using the volume profile and delve deeper into my comprehensive analysis provided in the subsequent sections. Remember, I encourage open dialogue—feel free to pose any questions, and I promise to respond promptly. The crux is to remain committed daily, refining your trading system to fully capitalize on these significant market swings we've been witnessing.

It's worth noting the transition to the Z contracts for both Emini and Nasdaq, propelling us right back to the previous week's range highs. Consequently, any minor selling pressure this week will have the task of navigating through the downside levels breached last week. Scroll down to discern the primary catalysts that could instigate this. It's crucial to emphasize that for the majority of this year, data has predominantly favored the bulls.

We have three key events this week which I will have on my radar.

CPI (Consumer Price Index):