Weekly Outlook 12/27/23
Paying off debt with more debt
P S A
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as I am a reader myself! There isn’t any other person I can point you to learn Orderflow and understand the uncertainty in markets as he has been the key Trader I have learned Orderflow from. Something that many traders do not pursue is giving time to understand what someone is teaching. When I first found Tic at 30k followers on Twitter, I can say that once I understood what he was saying was the moment all other accounts became complete noise. I do like the work of others but I can speak very highly of who I know best, Tic. There is so much to learn and many of it doesn’t come from talking about trading. Listening for a while you will be aware that his perspective IS in the best interest for the people. Reality is not kind to you and you must be prepared for it. The way he lays out everything has clicked for me like no other and I strongly believe there is something you can learn from him!Now let’s dive into what I see for the near future in the S&P500.
(Daily Plan Video will be posted in the morning as usual)
Last week was another great week for everyone as our levels held with little downside against them. Early on in the week I expected a sell to develop down into 4013 which can be seen below
For the rest of the session we sold down to ultimately close at 4013. This was a 30 handle sell from the time of this tweet! Not only this but many updates have been sent out in telegram ALL week. Then again on Friday I called for more sell after we bounced around 3997 as expecting in the tweet pinned on Twitter. Look below
Here is the pinned tweet which had been sent out in a timely manner causing collapse of 180 handles in the S&P500, more to come…
To map out the week ahead I will be using the value areas that I have published in the section below. Overall I like this area we have bounced in as it is a very defined value are. Lows held and we had some great opportunities on Friday to long lows. Starting off I will look for shorts to contain prices below VAH or Longs to contain price above VAL. Same system that has been working and will remain to work unless we go back to unusual activity which we can adapt the system to expect the price action around LVN. It will be relatively dry on events this week so prices will be soaking in this sell from last week. IMO we continue lower as NVDA 0.00%↑ ER will be realized as a flop and the others reporting below can fuel momentum.
This week I also posted charts + thoughts on 12 instruments so make sure to read through the post to not miss out my thoughts on each one!
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