Price Action: Nasdaq Futures, NQ E-Mini
- Leading up to today, price was stuck above the 1 year Point of Control
- Liquidate occurred coinciding with the Italian Referendum
- 1 Year Point of Control held as support
- Liquidation goal was the Levee zone where Global Bank buying entered
- Price lifted the market during the overnight with little protest (excellent move)
- Watch for 1 Year Point of Control to act as resistance.
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| Nasdaq Futures - (1 Year Point of Control, upper purple band) |
Price Action: S&P 500 Futures - ES E-Mini
- Leading up to today, Thanksgiving volume near all time high
- Market Maker Liquidated back to POC #3 coinciding with Italian Referendum (smoke screen)
- Market Maker (Global Banks) halted liquidation at POC #3, bought contracts cheap
- All loses were recovered via marking up during overnight with little protest
- I believe this was by design (Not bad for a weekend/globex campaign)
- Today, Price held filling in the LVA within the December Barnacle Field, which was also in the design
MP Action
- ES and NQ rebounded from the Italian Referendum hit
- ES did “NOT” close the gap
- ES migrated away from POC #3
- ES filling in December’s Barnacle field
- ES Day Time Frame, moving higher
- Taylor Trending has started Day #1 Long in both ES & NQ
- Dow reached ATH
- Expecting to remain in this area the next several days, barring any “news”
- NQ put in a spike this morning and moved the auction back into the NQ 1 year POC
- NQ settled at it’s POC - No excess spotted
- NQ Day Time Frame, moving higher
- Ruling reason, the market is presently in balance, Use Intraday trade rules
