Plan 9-26-22: Bears In Control

What bulls need to rally

The focus of the stack is how to react to price setups rather than to predict the market’s direction. The preferred pattern traded in any scenario is a failed breakout or key level reclaim. This method is discussed with more detail in the following link.

Daily I’ll explain the overall context for the price action of /ES. Price action takes into account channels, volume profile points of control, key zones acting as either magnets or potential squeeze targets and levels of overhead supply/demand. This information is then distilled down into simple actionable intraday horizontal levels. These levels will change each day as price reacts to the various highlighted zones.

@Efficientenzyme : Potential setups intraday from Twitter

/ES Roadmap:

The day ended with a squeeze re-test of supports lost and a setup for continuation if bulls hold the back test. We’re in a somewhat technically complex area explained above. The loss of the red D1 uptrend channel initiated the first sell off and was confi…