Daily Plan 9/7 '22

Traders-

Wrapped up yet another awesome day using the OrderFlow levels and context today.

Starting from last night’s trade plan, I had keyed in as 3960 as an important level and my weekly LIS.

This level was the over night high. We could barely trade above it in the night.

Then, we opened around 3940 and rapidly sold down to about 3880. We missed my target by a few points but we rallied sharply to 3940.

At this point, I sent the following tweet.

As if by magic, the market stopped going up as soon as I identified this as the key level intraday, stalled and sold down all the way below 3900 to settle the day near 3900.

Chart A Emini Daily

Indeed good action intraday and very good levels.

No only was the emini levels spot on, we also had good action for instance in TSLA.

The stock suffered all day at my LIS shared last night and could not get past it and sold off several time from this level throughout the day.

AAPL suffered the same fate and was not able to recover beyond my LIS today.

Click on this link to read my Weekly Plan and my levels on AAPL, TSLA etc

These are all subscriber special levels, if you do not want to miss them and learn from them, then consider subscribing to my Substack below. If you are already subscribed, then feel free to share this preview with your folks and help them read the message of the tape!

My levels for tomorrow

There are no noticeable risk events tomorrow with the exception of some FED speak. The key event is on Thursday when Powell speaks.

At this stage, while I remain a longer term bear, I favor a retest of 3970-4000 to find out if longer term bears reenter the arena there.

I will lean on AAPL tomorrow and if the stock is bid up above 155, I may favor intraday upside moves into weekly LIS. Read the weekly plan above for this level.

Emini last traded around 3900 at time of this post.

Scenario 1: As long as we remain bid above 3892, I favor intraday bullish case test of the weekly LIS.

Other scenarios as well as updates to these scenarios may be shared in the morning with the folks.

Stay tuned. Have a great rest of your week trading these markets!

~ Tic

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