Pre-Open Commentary | Dec 12, 24
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Bullish (Nov 26)
Orderflow: Neutral/Bearish (Dec 12)
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(weeks)
Positioning: Neutral/Bearish (Nov 22)
Dealers: Neutral (Oct 30)
------------------------------
(months)
Seasonality: Bullish (Oct 1)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028Intraday TrendPhase: Neutral
------------------------------
//Actionable Levels//
Resistance: 6110
Support:Key takeways:
Closed all midterm long positions. Small midterm short initiated (1/8th).
Orderflow/profile shows bearish presence close to ath.
CPI changed fast macro to tick down making it bearish. Overall macro/posistioning turned -1 from 0 which is mild bearish signal.
Intraday flow/ladder looks neutral again - third day in a row which is very rare. So not convincing situation to trade intraday for me.
Yesterday’s Intraday Trading Recap:
Just one trade on bonds with nice overlapping bearish resistance probability.
Notes/Observations/Issues:
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts and also serves as my personal journal (sort of).