April 15th Review & Plan
After a 5 year hiatus in publishing a daily note, it’s about time I restarted! We are in one of the greatest trading opportunity years in history, but to take full advantage of this we need to be fully prepared for the uncertainty we will face each day.
Top down Charts:
Monthly - one time framing lower (943.25 point range so far in April). March low 5509.25, April low 4830.00. Has retraced 50% of Feb high to April low.
Weekly - inside prior week 5528.75 high, found support at CLVN 5391
Daily - balancing inside prior day, range narrowed significantly with volatility dropping sharply
4hr - holding up upper end of value area, balancing
1hr - balancing above prior week value area high, contracting before next move. Prior week VPOC 5400