01/10/25 - Trading Review and levels to watch for next week Jan 13th-17th. I am going to do kind of a deep dive on some things I saw cause we had a bit of a crazy day. Check the comments for more information, will be posting quite a bit in the comments today.

Hope everyone had a great trading day!

Kind of a lot going on here but I wanted to show an overall screenshot of the day and I will break different parts down in the comments. I am using QQQ to chart here because there is a lot going on with my MNQ and NQ charts and I need to clean them up.

I found a nifty little indicator that works pretty well with the "3 bar strategy" I have been posting about. The real terminology is "Fair Value Gap" coined by the Inner Circle Trader - you can google him. Here is the indicator - Fair Value Gap [LuxAlgo] (0, 0, , 400, Top Right, Small) it is free on TradingView.

All my targets for downside were hit today, so I really would like us to trade higher before going lower again, but I don’t know if it's possible at this point, It may happen though.

It is possible to make money on both longs and shorts, I do prefer shorts at the moment but both sides are having great runs, just have to be more patient with longs and very careful about not longing near a high/resistance cause it could be a rough time. I have been posting all week that we were looking for a return to 21000 and we got there finally. Lots of the supports I have mentioned have provided great pops to go long at but as always use caution. I did catch a short from 21310->21050 where I longed (smaller amount) to ~21180. In all honesty I was hoping for a return to 21400 from here so I held 1 runner to see if it would happen but we started rejecting near 21200 so I stopped the runner at 21120 and sat on my hands to see the rest play out, caught a couple of longs near the bottom but I haven't been very keen on holding longs lately, just don't have the stomach for it lol.

Anyway, I will dive into some of the price action as I interpreted it, in the comments.

Resistances to Watch: - We may range and consolidate under these before continuing lower. I have been hoping for a push back up to 21400-21600 area to get some better shorts in but it just seems unlikely now, could change though.

20117-20097 - First Up

20175-20181 - Next

21400-21600 - Would like a return here to short more but doubtful

Next levels of Potential Support/Targets for more selling:

20933-20922 - First

20917-20908 - Next

20877 - LOD

20847.25 - After that

20760 - 20752 - Final before macro target

20670-20640 - Macro Target I have been mentioning repeatedly