Key takeways:
Similiar to friaday, signal component is zero, but in current situation we can partly omit its warning. Why? Mostly because “pros” seem to settle with their sentiment after two sessions of trapping weak hands - at least for today. (By partly I mean trading max 1/2 of normal size today).
Looking only for longs today. Scaling into long position.
Support zone is rather wide today and its from 5284 to 5267 with significant levels at 5284, 5277, 5272 which is also my last potential entry point, and I want to be out in case im wrong if price trades below 5260.
As to resistance ahaed: 5307-13 and 5330-42,
Notes/Observations/Issues:
Orderflow study started to print red dots (which is bullish for june series)
Don’t like bearish single print in overnight session, that just adds to the picture that most likely today is not going to be a smooth sail to new ATH, thus taking profits a bit earlier probably (which means not waiting with whole position until last hour of RTH).
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).