2024-04-17
Market Context
8:30am USD Unemployment Claims 215K 211K USD Philly Fed Manufacturing Index 1.5 3.2 9:05am USD FOMC Member Bowman Speaks 9:15am USD FOMC Member Bowman Speaks USD FOMC Member Williams Speaks 10:00am USD Existing Home Sales 4.20M 4.38M USD CB Leading Index m/m -0.1% 0.1% Day 4 All IMF Meetings 10:30am USD Natural Gas Storage 54B 24B 11:00am USD FOMC Member Bostic Speaks
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Chart Analysis / Live Chart
Working Thesis
ES1!
4/17/24 $ES1! Price lead us into the D+FVG and we traded into the FVG(MP). We took out the Weekly liquidity at 5060.00 which was near the FVG(MP) @5056.25. The 4h/1H-FVG (5187-5124) was left open and price didn't trade into them. We should be reacting off of the D+FVG range after hours but we'll see.
The most resent bearish area is the new 4H/1H-FVG (5096.50-5106.75). We should get some type of reaction from this area as well.
I HAVE to be patient with my setups and my stop losses.
Cory publishes the working thesis before the session, not after — this Playbook and Trade Review are part of that same documented process. No signals, no highlight reel.
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