Pre-Open Commentary | Oct 14, 24
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Bullish (Sep 17)
Orderflow: Bullish (Oct 10)
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(weeks)
Positioning: Neutral/Bearish (Sep 27)
Dealers: Neutral (Jul 11)
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(months)
Seasonality: Bullish (Oct 1)
VIX: Bullish (Sep 18)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028Intraday TrendPhase: Bullish
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//Actionable Levels//
Resistance: 5882
Support: 5841, 5807Key takeways:
Third session in a row with bullish intraday trendphase. Still trading to the long side.
We are in monthly opex week and the closest level right now will act as resistance at 5882 (ES). Usually first reaction to that is “free money” as mm algos should do their job.
Notes/Observations/Issues:
Those who are in “Wealth Cycle” pack might be interested that there is a huge breakthrough in my research to be published soon. It is the cause of American Cycle explained with objective and quantifiable data - so no more scientific consensus needed. This opens up the whole new spectrum on analysis, but more on that soon.
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).