Yesterday was a wild day. If you caught the setup at 8:30, that was just the beginning, and then the continuation to the downside followed.
This is trading education, not a signal or a promise.
THE DAILY STORY The continuation filled the major gap from Monday, Sept 21, and reached the second one, Friday, Sept 18. Ron is looking for price to continue down and take out, or at least fill halfway, the Sept 17 candle.
THE ONE HOUR The levels from the week time frame still hold, and there was a nice little bounce off them, good for a retracement back up to get more liquidity. Nothing on the one hour says upside yet. There's a strong base right now at 29,839.
The plan
Price needs to hold above 29,839 and break above the VWAP. Once that happens, it can at least run up to possibly 30,151.
A level is a reference drawn in advance, not a forecast.
Ron posts his recordings every day, whether a level hit its target or missed. Roast the work: the record is on the channel.
In the video
- 0:00Thursday: NQ down about 306
- 0:05Core PPI at 8:30
- 0:17Yesterday's wild day
- 0:27The Sept 21 gap is filled
- 0:39Sept 18, then Sept 17
- 0:55The week's levels and the bounce
- 1:16The one hour: a strong base at 29,839
- 1:31Hold 29,839, break the VWAP
- 1:37A run to 30,151
- 1:44Questions, and ciycapital.com
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.