Daily Plan 8/23 '22

What a day!

Hi Traders-

Yet again a special day for OrderFlow from my ideas shared last night. Here is the link to my plan if you have NOT yet read it. Weekly Plan

Let us start with my earnings ideas..

1. I was bearish on ZM earnings last night at 100 dollars and the stock at the time of this post has fallen 12% to trade close to 88 dollars.

2. I was a PANW bull at 505 dollars last night and at the time of this blog, the stock has rallied almost 10% to 560 bucks.

3. I was a CVNA bear last night at 43 bucks and the stock shed 15% of its value to trade at 35 dollars.

4. I was a BTU bull and the stock had a tremendous rally today about 5%, crude oil itself rose about 400 pips off my LIS at the weekly level.

Overall, a great day for most of my ideas.

Today is also the last chance to subscribe to this newsletter at 29.99 dollars a month as the prices go up significantly tomorrow by 10%. Lock in your price while you can at this price and it will be grandfathered and not impacted by any future price hikes.

Due to the scope and depth of this newsletter, I will be raising prices every few months until we get to about $50 a month.

On the Emini side, we opened today below 4190-4200 weekly LIS.

• The Tic TOP at the open was extremely weak around -2% and started losing ground within the IB itself.

• We traded down into 4130 and found bidders. This was my weekly target.

We have now sold off about 200 handles off my weekly resistance LIS from last week.

My levels for tomorrow

A big warning issued last week , close below 4267, lost about 150 handles within 2 sessions. Gains from last 3 weeks evaporated. This is what I have been warning about this low to no volume churn up. Once volume returns, the market will return to its longer term trends.

Warning on 4267

My key level tomorrow will be 4170.

Scenario 1: the bears want to maintain bearish pressure below 4170 and any retracements into 4170 may find bears for a test of 4130 lows from today.

Scenario 2: If we open or bid above 4170, preferably in the IB session, we may target 4200.

At time of this post, we last traded around 4140.

Any updates to this plan will be shared by me later in the morning in my Twitter or Telegram. Stay tuned.

Chart A below. The Bulls need to defend to defend this weekly support at 4100-4130 for a potential rally back to 4200. Below this if we close, I do not see decent support until 3900 area.

Chart A

~ Tic Toc

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