Welcome back. It is Sunday, September 21st, and it's time for the Week in Review. We are just moving up, so the real question becomes, where do we buy?
The big news from last week was the Fed rate announcement. They lowered rates by 25 basis points and signaled that they're going to do two more rate lowerings before the end of the year. This is a massive tailwind for us that will continue to push stocks and risk assets higher as they devalue the dollar.
🧠 Current Market Context
This thing is on a moon mission. As we've discussed, with signals like the 100/200-day Golden Cross and a dovish Fed, we know this is basically got another year or two of this nonsense. A massive sell-off right now would still keep us fairly bullish on the high timeframe; it would be a welcome opportunity to buy the dip.
The weekly TPO chart shows a breakout from a four-week accumulation range, but this push higher has left severe inefficiencies and "air pockets" of thin volume below. Our job is to be ready at the key structural levels within these inefficiencies where we can look to join the trend. A move below the 6648.00 pivot is going to send us down to clean up the big inefficiency in the profile.
🎯 Detailed Actionable Trade Plan
🔴 Key Resistance & Upside Targets
With the market at all-time highs, there is no technical resistance. The focus is entirely on identifying the best support zones to buy a pullback for a continuation higher.
🔵 Key Support Zones & Setups
The "Monster Wing Play" FBD: 6664.50
Our current daily leg up is at 6664.50. It has confluence with a 4-hour level at 6665.75. This is a banger and one of my favorite trades.
Actionable Setup: A test of the 6664.50 daily with a reclaim of the 6670.00 pivot is the trigger for a squeeze.
The 4H Leg-End: 6651.75
This is the last level of support for the immediate 4-hour leg to the high. If this doesn't hold, we could see a push down into the deeper inefficiencies.
The "Juicy" Daily: 6516.75
This is our first untested daily support of key importance. It is a juicy, juicy spot that I like a lot.
Actionable Setup: I will probably rest a small starter position at 6516.75. If it holds, I will wait for acceptance back above 6522.00 to add to the trade, with a first major profit target at the 6533.50 daily.
The "Amazing" 4H Leg: 6507.75
This is the 4-hour leg I've been "frothing over for a while." I love this spot.
Actionable Setup: If 6516.75 doesn't hold, I will buy again at 6507.75. Confirmation would be a reclaim of the 6517.00 daily, and then I'm golden once we get back above 6522.00.
The 7-Point Buying Zone: 6440.00 – 6446.75
Another awesome, great spot. This zone contains an untested daily at 6446.75 and the 4-hour leg at 6440.00.
Actionable Setup: This sets up a potential monster squeeze. If we play this area and get back above the 6452.00 wick (reclaiming the 6450.00 sub-leg), you can market smash this thing.
The Ultimate Leg-End Zone: 6398.25 – 6413.25
This is our main sub-leg up, containing the significant daily at 6413.25 and another at 6398.25. Both of these are bangers.
Actionable Setup: A buy at 6413.00 wants to see a reclaim of the 6425.00 weekly. You buy above 6425.00, you buy above 6431.00, you set your stops below and you let it go.
🚨 Momentum Shift Levels
Primary Pivot: The daily leg up at 6664.50. A hold below this signals a pullback into the inefficiencies is underway.
The "Air Pocket" Trigger: The 4-hour at 6583.25. A break below here targets the deeper support zones like 6516.75.
Ultimate Bull/Bear Line: The daily/weekly leg-end at 6268.00. We can trade all the way down here and still be in a weekly uptrend.
📌 Cheat Sheet – Key Levels Recap
🧠 Final Thoughts
The bullish move is not over, especially on the weekly timeframe. So, a pullback is not a reason to panic; it's a reason to get ready. The plan provides a clear roadmap of high-probability, untested levels to look for long entries. This is a buy-the-dip moment.
I hope you guys have had a great weekend, and I'll see you on Monday.
Until next time—trade smart, stay prepared, and together we will conquer these markets!
Ryan Bailey, VICI Trading Solutions.
