Pre-Open Commentary | Nov 6, 24 (Trump is back)
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Neutral/Bearish (Nov 6 / Oct 30)
Orderflow: Neutral (Nov 6)
------------------------------
(weeks)
Positioning: Neutral/Bearish (Sep 27)
Dealers: Neutral (Oct 30)
------------------------------
(months)
Seasonality: Bullish (Oct 1)
VIX: Bullish (Sep 18)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028Intraday TrendPhase: Neutral/Bullish
------------------------------
//Actionable Levels//
Resistance:
Support: 5820Key takeways:
Key takeway should be “don’t assume election day is same as any other day”.
First of all, fomo will kick in for many traders - I don’t want to fall for it.
We have major shifts in TrendPhase, Orderflow coming. Again, after the fact it seems obvious what happened but it doesn’t matter now.
I took a loss on midterm positions and am flat now. Longterm obviously makes money with new highs, but I have not added at vwap :/ Basically I screwed up a bit. But this is never going to be perfect. Never. Deal with it.
Yesterday’s Intraday Trading Recap:
My only regret from election night :/
Huuuge bullish absorption all day long…
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).