On the daily it looks like it wants to build a bull flag: a strong move up, a small pullback, and a continuation once it breaks, with 31,000 the round number above.
The levels are still on point, so there is nothing new to draw this morning.
This is trading education, not a signal or a promise.
Levels drawn before the open
Every level below was drawn on the chart before 9:30 ET and checked against the price axis. They are graded after the close by fixed rules, whichever way they go.
| Level | Role at the open | Result | What price did |
|---|---|---|---|
| 30,913.80 | drawn | after the close | |
| 30,776.07 | drawn | after the close | |
| 30,664.12 | drawn | after the close | |
| 30,505.52 | drawn | after the close | |
| 30,422.84 | drawn | after the close | |
| 30,318.94 | drawn | after the close |
The plan
On the one hour there is a clean pin at 30,505, where buyers stepped up and drove price back up. Price is now coming back to re-challenge the VWAP, sitting at about 30,633. Break the VWAP in the session and the next test is 30,664, the green resistance.
On the six minute, buyers came in at the 7:18 candle and price is making higher lows.
Two plays: 1. Reject at the VWAP, come back down and revisit 30,505. 2. Break past the VWAP, take out 30,664 and continue.
A level is a reference drawn in advance, not a forecast.
In the video
- 0:00Wednesday: NQ flat, around 30,600
- 0:18A bull flag on the daily, and 31,000 above
- 0:44The levels are still on point
- 0:55The one hour: a pin at 30,505
- 1:07Re-challenging the VWAP, then 30,664 above
- 1:26The six minute: buyers at the 7:18 candle
- 1:50Higher lows
- 2:04Two plays: reject to 30,505, or break past 30,664
- 2:22Questions, and ciycapital.com
Short clips from this prep
The prep is free every trading morning, with the levels drawn before the open. Get it here.
Trading education only. Not financial advice, not a signal, and no promise of any result. Full disclaimer.