
Debriefing Tuesday 29th June and Todays Journal MONTH END

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- Riksbank’s Gov. Ingves: If necessary at some point, we will hike by 75 basis-points.
- France’s Finance Min. Le Maire: The EU will adopt global minimum corporate tax reform in the coming months with or without Hungary’s backing.
- ECB’s Enria: The gradual increase in interest rates is beneficial for banks onOvernight Session More the whole.
Wednesday’s Data
Wednesdays Price ActionPrice action More Analysis
Wednesdays Normal Distribution Day
Yesterday’s RTHRegular trading hours. The official opening and closing time... More session Opened inside Tuesday’s liquidation range but not far off the Tuesday low 3823. The ONOvernight Session More had barely traded up above Tuesday’s lower distribution High at 3843, leaving the impression of weak demand in the open.
A lack of initial buying interest onOvernight Session More the open at 3830 and a failed attempt to trade above the ONOvernight Session More high 3840 allowed sellers to test Tuesday’s lows and then onOvernight Session More to attempt to close the well-identified gap More from 24/6 @3805. The drive lower was compelling, but traders had to be AWARE OF the importance of the gap More high 3805 and the spike bases.
We trade from one area of balance to the next. We look for resistance and support at the outer edges! 3805 was the edge of balance!
Following the open, a low 3801 just below the gap More highs from 24/6 Auction and the high 3840 would set an impressive tennis match between the mid, resulting in one of the most beautiful full session gaussian profiles. I won’t be writing this a lot, A NORMAL DISTRIBUTION!
Normal Day, Daily OTFDOne time frame down. More
H: 3840 L: 3801 MID 3820 VWAP 3820 SETTLE: 3820 VPOCThe POC or Point-of-control is the price where the most amou... More 3820 AMAZING!
MONITORING: 3801- yLoPrevious days lowest print. More | 3820 -MID| 3779 NVPOCThe NVPOC or Naked POC is the same as a POC or VPOC but it h... More and 3760 ONOvernight Session More Lows I
Tuesdays 3843, 3875, 3920 Distribution nodes |
ONOvernight Session More SESSION | Imbalance
The likelihood of a move above or below Wednesday’s session highs/lo was high into ONOvernight Session More, given the probability of stops onOvernight Session More either side of the bracket and acceptance area. ONOvernight Session More we had a significant order imbalance to the downside through the lows of Wednesday to trend into the weekly, monthly quarterly HVNHigh volume node, or peak. An area that has been well traded... More area 3765. Support is found at these lows. Important 3760.75
ONOvernight Session More Trend Day, Multi-distribution, Daily OTFDOne time frame down. More
H: 3825 L: 3760.75 MID 3793 Lower distribution HIGH 3789
MONITORING: 3760- ONOvernight Session More Lo | 3789 – LVNLow volume node, or a trough in volume or TPO chart. More| YLOWPrevious days lowest print. More 3801/3805|3820
ON Update and Thursday’s Plan

Opening Bell
0830CT I spent the morning talking about 3786 in my new video onOvernight Session More youtube. For a number of reasons this number was significant and an area to reference following the ONOvernight Session More sessions post CPI. Why was this area important-despite positive news re: Ukraine and PCE data, yields falling, ES supply was suppressing the price. Each attempt to drive the price above the ONOvernight Session More HVNHigh volume node, or peak. An area that has been well traded... More failed and early bidders onOvernight Session More the RTHRegular trading hours. The official opening and closing time... More open met the same fate as earlier, REJECTION. An Open test drive opening.
Given the fact that ONOvernight Session More inventory was short the pull back through the opening price encourage a swift auction to the ONOvernight Session More low 3760. Before a brief consolidation to then test above the LVNLow volume node, or a trough in volume or TPO chart. More onOvernight Session More the HTF composite
In addition to monitoring the previous day's Market prof... More profile to a day low at 3741.
Buyers then drove the auction higher in a choppy fashion to break through the IBInitial balance in the futures is traditionally the first ho... More meeting string resistance at the obvious references 3800 3805 before finally sprinting up to test the POCThe POC or Point-of-control is the price where the most amou... More from yesterday’s auction.
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Quote Of the Day
“We should reward people, not ridicule them, for thinking the impossible.”
― Nasem Taleb,
Trade Well And Prosper.
BT
