Weekly Market Outlook | ES NQ GC | 1.4.26
For new subscribers—
I use Fibonacci Sequences as the core of my analysis. I do implement both mechanical and contextual levels (from market profiles) in my analysis. I typically use mechanical levels to identify potential areas of support/distribution.
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Just a quick note—
I color code just so they are easier to read and understand, since there are alot levels with fibs.
Blue - potential discount zones (support levels)
Purple - zones I’m looking for price to defend, (line in the sand)
Red - premium zones (resistance / distribution zones)
News this week
Earnings this week
ES
As we sell off into these downside support levels followed by a short covering rally going into the close of friday.
» What I am monitoring for
As we rotate backup into these resistance levels, I will be monitoring for overhead supply at 6930
And test of VPOC 6930 for acceptance of rejection.
Break and hold above 6945 — I would be watching for resistance at 6966
Break and hold above 6966 for rotation higher targeting those upside targets above 7025 7154
» Looking at a higher time frame series
We did trade into this extension long at 6522 in november and that sequence has upside target at 7154
NQ
Anyways! Thats all I have going into the week, thanks for reading!