05-01-2025

Traders, 

Let’s recap some of the price action from yesterday. 

If you recall yesterday’s article, we were very bullish on the market analyzing the monthly, weekly and daily time frames. 

If you recall, the monthly candle formed a long, rejection wick right from an area of interest.

(I will cover in detail about areas of interest in the future). 

Last week’s candle was a bullish engulfing candle.

It took out sell stops and closed above the previous week’s candle. 

Yesterday’s price action raided sell stops from Friday, Monday and Tuesday.

It closed out as a bullish, engulfing candle.

We mentioned yesterday that the price was bearish overnight and in the morning.

We were aware that the market maker was potentially selling to buy it back during the news.

Right at 10 AM, we had some news events that catalyzed the markets up.

On top of this, we had Microsoft and Meta earnings yesterday which pushed the price higher at 3PM. 

This is a situation where the technicals and fundamentals aligned to push the markets up. 

The important thing is, what will the price do today? 

Well, let’s examine the overnight price on the S&P 500. 

On the daily candle, we gapped down but only traded up.

Examining the hourly chart, we can see what key areas the market has formed.

At the New York open, we should be mindful of the economic calendar as well. 

When there are 2 news events, the market has 2 catalysts to move prices. 

The first event is at 830 AM, before the market opens. 

This will be very telling on how the market maker wants to create liquidity today.

One scenario is to sell off at 830AM , take out one of both of the lows (London & Asia) and buy it back at 10 AM. 

If you see the market going lower, we can potentially look for this. 

However, these levels are left untouched.

The London range took out the Asia Highs and created a London High. 

If we see the New York open take out the London Highs, we can see prices just keep going up today. 

You can see that we’re prepared to trade the markets whether it wants to go up or down. 

We don’t care. 

We identify the trend, pick out our zones and trade. 

How did yesterday’s trading go for us? 

This is the alert I sent out yesterday.

You would have entered the trade right at the open and be done in 15 minutes.

We still have a bullish outlook today but will wait to see what the market maker wants to do after the 830 AM news event. 

Everyday from 3pm to 4pm, I host a daily trade show where Mark Sebastian and I talk through what’s happening and call out live trades inside Trade To Close. 

If you want to trade with me, I offer 7 days FREE to try us out. 

Here’s how some of the members did yesterday. 

Click Here to come trade live with me!

I’ll talk to you next time!

Voz