Sl close

ES (S&P) has moved up sharply in last 30 minutes. But at a critical resistance zone. Can expect a mean reversion move.
WIth BNF monthly expiry, can see some quick moves in BNF

ES: 28th Aug

ES: August 28 Overview:

Right before the market opened, ES tested yesterday's low but didn't quite break down into a full gap. At the open, it dipped down, briefly breaking the prior day's low and the overnight low—just to shake things up. However, this downward move didn't have much follow-through. ES quickly reversed and pushed back up, briefly holding onto two sets of single prints while making a run at yesterday’s B period singles, but it couldn’t quite fill them.

The single prints didn’t last long; ES retraced them fairly quickly. Despite all the ups and downs, the value area ended up overlapping to higher. The day closed with a poor high, indicating sellers still had some fight left. With overlapping to higher value, the overall sentiment was mixed.

Yes, we took out the prior day’s low and shifted the daily chart back into balance, but the overall trend hasn't changed. Both buyers and sellers seem content to stay within this range as we head toward month-end, forming a 7-day balance area that's as tight as a trader holding onto a winning position. For today, the key level to watch is 5644. Staying above this level could lead to a move higher, aiming for the single prints 5649 - 5655, then 5674, and possibly up to 5690, and then 5702.5. If we drop below 5644, expect a move down to 5630, 5619, 5603, and potentially 5584.

And with NVIDIA's earnings coming out after the market close, we’ll see if the market narrative changes. Get ready—it’s going to be an interesting ride!

#US30

The important concept of ICT is most of the time Moves will come after The Liquidity sweep,


Us30 khaatre m hai

Last time we peeped below 5584 and jumped back, we had three days of inventory above.

Today, we have 7 days of inventory above. Lets see how price responds here today

Sl clos

ES 29 Aug

Hindsight is 20/20, but when accumulated knowledge starts to synthesize, it becomes intuition, helping us quickly respond to evolving situations. In the markets—and in many aspects of life—there’s often an inverse relationship between how much information you have and the potential outcome. In other words, if you wait for all the information to be clear, the opportunity to capitalize on a market move may have already passed.

Yesterday (ofcourse in hindsight) was a perfect example of this. We had a "poor high" on August 27th, and again during the overnight session, both times seeing supply pressure from the singles above overwhelming buyers, leading to sharp declines. Another signal yesterday was the rejection from the Previous Day's Prominent Point of Control (PPOC)—the price level with the highest volume of trades, indicating a strong area of agreement among traders. When price rejects from the PPOC, it often moves to test the opposite end of the balance zone, which is exactly what we saw: a sharp drop that created three zones of single prints and tested the key support level at 5584.

Despite this downward pressure, the price spent some time between 5574 and 5590 before bouncing back. It closed two sets of singles and then faced rejection at the low end of the last set of singles at 5624, ultimately closing at 5593.

So, despite all the drama of the sharp fall, the development of both the Prominent Point of Control (PPOC) and the Volume Point of Control (VPOC) at 5606 shows strong market interest at this level. This is the key level to watch. If the market holds above 5606, expect supply pressure at the single prints ranging from 5624 to 5632. Clearing this area would indicate that supply has been absorbed and prices may need to move higher, potentially toward the 5650 level.

However, if the market fails to sustain above 5606, we may see support around the 5586-5580 zone, which has held up against sellers' attacks twice now. If this level breaks, the next potential support zones could be 5572-5547.5 and 5526.5.

With NVIDIA’s earnings results coming out after market hours and prices trending upward in the overnight session, the real question is: How will this impact the market when regular trading hours begin? As we move to the month end trading session, buckle up—it's going to be an interesting day!

Aubank
Intra

Above orange🤞

T1 done☘

6 points up⚡️

Profit he lena🙏

Europe opens. ES is at Previous day cost basis (5606). Can stall here.
Will wait and watch.

Those in BNF trade, watchout. BNF reacts to how Europe behaves after open

https://www.tradingview.com/x/eOZQETU3/

BEL