ES NQ NKD NVDA BTC - Profiles and Positioning 4.7.26
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I use Fibonacci sequences as the core of my analysis, combining mechanical levels with contextual zones drawn from auction theory.
Mechanical levels help me map out potential support, resistance, and distribution zones so you can see where I expect buyers or sellers to step in
I color‑code these levels so they’re easier to follow on your charts:
blue = potential discount zones (support),
purple = “line in the sand” levels I expect price to defend
red = premium zones (resistance / distribution)
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News for the week
We have that 30 yr bond auction tonight
for tomorrow nothing major on the news schedule.
some volatility from news overnight with some strikes in Iran.
crude is kinda ripping on the news, coming up to retest these upside targets
ES / SPY 0.00%↑ NQ / QQQ 0.00%↑
i’m glad i waited until after dinner to type this up lol
higher time frame
RTH only,
We have some gaps below that havent been filled, 6464-6379
I was hoping we would test this 6277 -6200 as downside support during RTH. This is NFA but I was looking to start entering some swing positions, but I’m not sure if the low is in or not.
Its always speculation — I know I could be wrong, but I’m ok entering after a pullback rather than getting caught in a bulltrap.
The way we’ve been moving during ETH, i’ve been pulling more levels from it. Watching for 6534 | 6499 to be retested as downside support
As we come up into this LIS — you will see that we stall around that, then retest downside support. We are really unable to maintain above it for that continuation / push higher.
So I will be monitoring for 6534-6499 as downside support — keeping in mind there is unfilled gap below at 6414-6460
