Recent YouTube Videos wrb-admin July 12, 2021
Back from vacation. Time to get back into it. This is a long one. I do not normally push these to YouTube but I have been gone. There is a bit of everything in it.
Great action last week. Had some time to reflect on my trading the ES. Purge the unnecessary noise and focus on what is important. Trading is hard enough. Keep things simple, be patient and stay focused.
RTY above its 50 DMA is strong recovery. Needs to make a move to and get above its 20 DMA. Fail to take the 20 and look for a trip lower. Watch ES Financial Sector.
NQ Looks weak but maybe just going sideways before next leg up. However, any weakness here will drag on the ES.
If RTY cannot take its 20 and the NQ is weak then look for some if not all of Friday to be taken back.
Short term most critical levels for Retail Day Traders… so far failed to hold above Friday high. Back in Friday value area. Natural to look for a test of VAL. Clean up some structure, single prints, from Friday while we are at it. 46.50 looks like a strong buy opportunity with VAL, and major POC right there with the 60 min mid and a Bar POC to boot. If it fails to hold look for 36 and then PDL. I expect it to hold for a trip back up through value and maybe look to Friday POC.
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