US500 Outlook 5/29

29 May 2023

Bullish on SPX till around 4330.1 which is some old high buyside liquidity. NFP week this week so take all analysis with a grain of salt. The market will decide where it wants to go on Friday morning. Everything that happens before then is building of liquidity.

All other relevant POIs are annotated on the chart.

31 May 2023

Not

long on SPX, dont like buying during lunch but the daily BPR is too attractive not to.

31 May 2023

Not

initial reaction favorable.

31 May 2023

Not

going break even

31 May 2023

Not

there's a decent chance the day closes bullish.

31 May 2023

Not

can you see the liquidity yet?

31 May 2023

Not

didn't get the push for the daily open that I wanted. holding interday with SL at BE. Hoping for completion before NFP friday morning.

1 Haz 2023

Not

still holding. Asia threatened stopping out break even.

1 Haz 2023

Not

going to give it till yesterday's low

1 Haz 2023

Not

will add if i get this.

1 Haz 2023

Not

juuust when you are about to lose hope and capitulate. Its engineered to do that.

1 Haz 2023

Not

tapped into second position

1 Haz 2023

Not

trading is not easy. but it can be simple. its a series of "if/then"s

What do you want to see? How will you react if the market moves how you wanted it to?

1 Haz 2023

Not

a less risky take profit will be here at the 12H FVG.

But where's the fun in that?

1 Haz 2023

Not

TP1 bagged and tagged. 80% off the table, holding for TP2.

1 Haz 2023

Not

this is why i take profit 80/20.

1 Haz 2023

Not

notice that after invalidating the 12H FVG area, price returns to it before continuing to push up.

1 Haz 2023

Not

Today is my birthday, grateful the market gave me presents

2 Haz 2023

Not

All TPs hit, trade collapsed. done for the week.

2 Haz 2023

Not

if we take all the trading from below the weekly open, and extend it above the weekly open, price is currently at a 1:1 projection. This would have been a nice target had I either wanted to hold longer, or enter a new trade today