11/26/23 NAS Weekly Outlook
#NAS #WeeklyOutlook
Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for
#BullishCase: The bullish case will be how we respond to the FDL from Friday. We have price tapping the low at the moment and we will need to watch out for how price responds to the 4H+FVG range we are in. On the LTF, we should see a new +POI form and we can use this to aim for the +LP($), Friday’s PDH and back in the W-FVG.
#BearishCase: The bearish care will also revoke around the PDL from Friday. Since we are in the 4H+FVG range, we will need to see an impulse through the low on the LTF and aim for the PDL lows from Wednesday and Thursday.
1H chart
4h chart
D chart:
W chart
#NAS #WeeklyOutlook
Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for
#BullishCase: The bullish case will be how we respond to the FDL from Friday. We have price tapping the low at the moment and we will need to watch out for how price responds to the 4H+FVG range we are in. On the LTF, we should see a new +POI form and we can use this to aim for the +LP($), Friday’s PDH and back in the W-FVG.
#BearishCase: The bearish care will also revoke around the PDL from Friday. Since we are in the 4H+FVG range, we will need to see an impulse through the low on the LTF and aim for the PDL lows from Wednesday and Thursday.
1H chart
4h chart
D chart:
W chart
