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Good morning, everybody. Today is Friday, September 11th, and it is our last day before rollover. Yesterday was an absolutely phenomenal day in the trade plan, as we came down and held our significant area at 7596.50 / 7600, just as the prophecy foretold. We have held here all night, just like we discussed in the post-market breakdown, and we are currently up 42 points at the time of this writing.
As many of you know, I have been talking about this area for quite some time, including making it very clear yesterday that this was a do-or-die spot and that more than likely we would pop from here. As you can clearly see, we have done just that in the overnight session, stabilizing price at our 7596.50 / 7600 level last night. Congratulations to all those who took advantage of the amazing day yesterday, as our level held. I preached about this spot for days — not only in the post-market breakdown, but in the Weekend Reviews, and of course in the inner circle — letting everyone know exactly how important this area is, and that if they choose to hold here, it could send us all the way back up to 7701.25 and then ultimately back to 7800.
This really is the big spot that absolutely will define exactly whether we continue to push lower or continue to push much higher and potentially retest the highs. This was an unbelievable call. Even last night we were able to make this call in the post-market breakdown and tell people exactly step by step what they should expect, which is coming to fruition. Let’s get into the trade plan so that we can do it all over again.
A Note on Today’s Market:
News: We have big Red Tag news this morning with Core CPI and Preliminary Consumer Sentiment readings. That is guaranteed to provide a shake this morning.
Volume: This has given us a Relative Volume increase of 54%, meaning we could add another 32 points to our expected range today — which could make perfect sense with this massive news we have coming pre-market. Quick math: that means we could have approximately 44 points above or below the overnight highs or lows today, providing us a really nice range to play in.
Range: Expected range of 65 points. We have moved 53.5 points in the overnight session already, leaving us approximately 13 points above or below the overnight highs or lows before the volume adjustment.
Gamma: Our gamma flip level sits around 7750, well above us at the top of the resistance map.
Trend: We are down on all time frames, technically speaking — the Daily, 4-Hour, and 1-Hour. However, we are still up on the Weekly time frame, which makes this a perfect buy spot for us as we wait for the smaller time frames to catch up.
🧠 Current Market Context
The High Time Frame Has the Wind at Its Back
We have been talking for quite some time about the significant area located at 7600, and I have made it very clear that as long as this high time frame area holds — which is the Monthly, Weekly, and Daily spot — this could potentially be the bottom and propel us back higher. You must remember that even though we are down on the Daily and 4-Hour time frames, we are still up on the Weekly.
Knowing that even though we are down on multiple time frames, we have now reclaimed a very significant spot, and we will continue to look for longs this morning until we move below yesterday’s significant area. They have created plenty of support for us to play in the overnight session. However, our process is still technically pointing us down on the Daily, 4-Hour, and 1-Hour time frames, meaning we need to be cautious and can expect rotations in both directions.
