Monthly Candle close!

#ManyFurusOneMannerz

Good morning!!!!

In the great autistic words of Tic Toc trading, Scenario one we go up Scenario two we go down.

Hope everyone had a wonderful evening

Today we finally have our monthly candles come to a end, but before that lets take a look at a couple names and how they are setting up to close.

ES

NQ

both are showing monthly candles that although they had a hard pull back the close is giving us a candle which mean weak sellers.

Anytime you see a pin bar specially a pin bar close you tend to rebid the wick fill and if theres a bid at the bottom or on the way to it that is your pivot low before the candle heads the other way.

Just look back at any pin bar wicks and how often they get rebid.

now as for today

Another muted over night thanks to yesterdays rebalancing as i expected.

For today most we can see is some pushes due to consumer confidence release at 10AM

For the most part i still think there will be chop and will probably be hands off today

thread lightly today as EOM i never tend to trade the day as ive seen more chop than price action.

If shorts decide for what ever reason to cover today and cause a price expansion you all know where im targeting if 5153 gets absolutely demolished (5177). on the downside if we are able to flush out PDL good chance we can head into 5076’s

Id like TSLA but all of these names are still chopping around and below their previous auctions close. no point in chasing.

Good luck today for those trading

on a positive separate topic, Atlantic Grouper season opens tomorrow! Tight lines Captains!