Good Morning,
Coming off a 9 day green streak, price gapped up off the Sunday night futures open, and has since filled the gap and oscillated back and forth through a 25 point range.
No high impact news today.
VIX at upper 17’s while the ATR on a 10m is at 4.01 at the time of this writing. Risk and speed of the market are much lower than the April spike we saw, and nearing back to pre-tariff levels.
Bullish break triggered Thursday, 2 targets met for 34 points of fertile ground to look for expansion entries.
Lets look at this morning’s setup & plan:
Bias/Trend/Levels:
🟢Primary Trend : 1400 point move from April lows
🟢Secondary Trend : bullish from May 23 swing low
🟢🟡Intra-Day Trend (3-5 days): Bullish squeeze into new ATH. Gap up and range kicking off the week.