Pre-Open Commentary | Sep 05, 24

Condensed Insight Before the Bell.

//Midterm Sentiment//

TrendPhase: Bearish (Sep 5)
Orderflow: Bearish (Aug 28)
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Positioning: Neutral (Sep 4)
Dealers: Neutral (Jul 11)
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Seasonality: Bearish (Sep 3)
VIX: Bearish (Sep 3)

Intraday TrendPhase: Neutral/Bearish
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//Actionable Levels//
Resistance: 5584, 5610, 5644 
Support: 5493, 5420 

Key takeways:

Here it is, midterm TrendPhase turned bearish. As usual in case of short position it lags a bit; which is fine as initial entry was over 300 points lower. Closed last part of my midterm long and opened 1/4 short. I would definietly like to add at 5644 but only if nothing changes in other metrics until that point.

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Notes/Observations/Issues:

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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).