Traders —
I hope you had an awesome trading day.
Frustrating choppy session.
Let’s recap and plan for the next session.
Recap
Below were our plans coming into the session.
Below were how our levels fared. Inflection levels = bullish biased above & bearish biased below.
ES
NQ
RTH
RTH … not crap again.
Caught a good short after identifying a passive seller at ES 5265, but VOL was consistently getting sold and we were stopped literally right before the HOD was made and new lows followed soon thereafter.
After price spent > 1 hour above the session IB high, it seemed likely for upside continuation. When acceptance is found above an IB high, it is very low probability to revisit the IB low. Today that did not matter, and the IB low was revisited anyway. Cumulative Delta was consistently making new highs, indicating a willing less to push price higher by aggressive buyers. Regardless, price ultimately did nothing, and each of my long attempts stuffed by selling and chop.
A double inside day resulted and a red day for me personally.
Market Structure