 Good morning. Bookmap community. Happy Monday. Today's March 18th. My name is Charles. I come from a community called Pirate Traders where we are focused on the ES, the NQ, and how it moves through the two-way auction process. All right well last week was a doozy on the ES. Essentially the market was trying to move higher but at the same time it was trying to balance off the transition between one contract to another so there was a lot of kind of mixed signals bouncing around in the market but the overnight this weekend gave us some clarity. Okay so the question that we had last week at the end of the week was, let me zoom out and look at the daily, was this going to become a bigger pullback where the market had to you know retrace the last few weeks, maybe even the last few months worth of momentum or were we just balancing off at higher prices? Right we've had tons and tons of momentum to the upside so the question at the end of the week last week was is that momentum over? Do we need to pull back down or are we just going sideways at higher prices to spend enough time to continue that momentum higher? Okay the way the overnight inventory traded increases the odds of sideways but let's start this morning by zooming out and taking a look at the monthly chart to give us some perspective. This is what Jim Dalton calls the top-down approach. By zooming out and starting looking at the monthly chart it gives us context to carry forward. Okay so first and foremost on the monthly chart we are still one time framing higher. What that basically means is that the market is just still making higher highs and higher lows every month and as long as it continues to one time frame higher on the monthly time frame it can keep going higher on the monthly time frame. It seems overly simplistic but it really does help you to feel more confident on a weekly or a daily or even an intraday time frame to understand that there is momentum on a longer time frame that momentum hasn't run out. Right now at whatever point and it doesn't look like it's going to be this month but at whatever point the monthly makes a new low a lower low well then everything changes then we want to flip our perspective but for now we've still got momentum on the monthly. Bullish to see. So let's zoom in and take a look at the weekly so same thing we can see here on the weekly a lot of momentum. This thing is just moving in a very tight channel straight up into the right. Week after week after week the momentum continues but last week was an inside week. Again it's a little bit tricky here because of rollovers. It depends which contract you were looking at which day and so on and so forth but we'll just call that an inside week. We also note that the candle looks a little different than the previous weeks right these candles looked much more bullish moving from lower prices higher. Last week's was moving from higher prices lower so does that mean the momentum is over of course not but it might mean we need some balance. So we had right here all these weeks week after week after week of momentum to the upside we got a candle showing balance we then spent basically another week and a half going sideways before we began the next round of momentum so that is certainly a possibility here this week is that we might be just going sideways balancing off all of this momentum that we've had over the last few weeks okay. This also tells us that if this week's candle can get above last week's the momentum continues. New all-time highs likely to bring more short covering and more buying at the highs. All right and then we will zoom in and take a look at the daily chart. So again the daily chart it really all depends how your software you know figured out the rollover if you're trading the ES or the NQ. So for the sake of what I'm seeing here on the chart essentially what this is to me is both a channel as you can see drawn here with the blue lines on the daily time frame. If you don't trust the channel from the ES because of the contract rollover you could just look at the SPX the channel is there as well. We closed at the end of the day on Friday below that channel which is of course very bearish to see but as soon as the market opens guess where we're going to open because of this overnight inventory right back up in that channel making that a look below the fails increasing the odds of momentum higher okay. We can also look at last week as the beginning of sort of a balance area. The market is creating a range where it is going sideways spending time okay in order to decide which way wants to go next. Sometimes the market will just go sideways for weeks before it breaks one way or another. If that is the case then when we zoom in and we take a look at the market profile chart we can see a balance area low would be something around Friday's lows okay so the market making those lows coming back up and then getting this continuation higher over the weekend is a sign we are moving to the opposite end of balance which is going to be somewhere around 52 50 okay going to be somewhere around these weak references that we have above so that increases the odds that this week we are heading up to repair the weak references at 52 43 and the weak reference at 52 46 meaning the market should pass through those levels now where does it get tricky tricky tricky tricky because of the gap right so this morning the market will be opening with a very large gap to the upside large gaps often don't fill on the first day but that will still be the first priority for the market so there will be sellers that are trying to take the market lower just to get to Friday's high and so one of two things has to happen either those sellers get squeezed they try to take the market lower it finds support it comes back through the overnight high and they all get squeezed and then the market works its way higher or we just spend the day going sideways so until they you know finally give up on that gap fill trade of course option number three would be they get the gap fill the market pulls down to yesterday's high and then we look to see what happens there right do we find support at Friday's high and turn around and head higher or do we pull back down into Friday's range so any scenario with a gap up where they do not fill the gap or they fill the gap and immediately find support that is what we call a gap and go it just means the overnight created momentum and the regular trading hours is confirming that momentum if that happens today if we get a gap and go the highest probability is that we are heading up towards 52.43 okay if the market pulls back down into yesterday's range it pulls back down below 52.02 and it starts to spend time down there and it starts to bring volume in down there well that's bearish for a larger pullback okay so the first order of business for us this morning will be to monitor the gap do they fill the gap or do we get a gap and go very nice i like very much uh it is worth noting the market is opening above some previous support here we got this large cumulative node around 52.18 you can see we spent a lot of time brought in a lot of volume last week in this area so that could be a great place for the market to find support and turn around and head higher on a gap and go this morning so i will be keeping a very close eye on this area around 52 we'll call 52.12 really anywhere between 52.10 and 52.12 as potential support for the market to get a gap and go if not it'll be friday's high at 52.02 if the market opens and immediately pushes higher then we watch the overnight high at 52.27 for support other than that we got to wait and see what happens any questions on the es this morning good morning to the demo trader appreciate you will is here david g in the house and cool beans looks like we got 53 people hanging out but only 15 likes so what you all hate me you all don't like me please smash that thumbs up button i sure would appreciate it get those likes going first thing in the morning that tells the algorithm the all-powerful google algorithm to send more people our way good morning to tony welcome all right let's jump over and take a look at the nq okay we will start zoomed out once again on the monthly it'll pretty much look exactly the same as the es but it's worth just taking a quick look yeah same story momentum on the monthly the candle doesn't look quite as strong this month's candle doesn't look quite as strong as the es but it is still momentum on the monthly higher highs and higher lows so let's zoom in take a look at the weekly the weekly the market has already clearly rolled over so if you remember when we looked at the es on the weekly we said this candle here might mean we need to spend a few weeks going sideways well the nq has been doing that it got a similar candle and it's been going sideways the last few weeks so this is a form of balance on the weekly time frame that's very important to make note of okay the balance area high will be around 18 500 and the balance area low around we'll just call it 1800 so that 500 point range is a very important range when we start to get up to the upper end of it does it run out of steam and come back down again as we get to the lower end does it pick up momentum and come back up again and which side breaks whichever side breaks is likely to get continuation if the market's been going sideways and they break higher they're likely to get momentum higher if they go sideways and they can't break higher and they break lower you're likely to get a larger pullback so it will be very important to watch this balance area on the weekly here for the nq let's zoom in and take a look at the daily yeah so the daily is just a mess because it's been in balance it's just very very tight range so exactly the same as the es we have a actually we do we have a gap yes we do have a gap up from friday's high friday's high on the nq was 18 176 so that is the gap fail level same story as the es they are either going to try to fill the gap and fail and pick up momentum right away or fill the gap find momentum at find support at friday's high and then turn around and head higher or if they get down into friday's range and they start to spend time and bring in volume that is bearish for a larger pullback okay so getting the gap and go would be bullish for continuation up towards 18 400 here today so both markets in the same position got a big old gap big old gaps like we don't fill the first day so let's see what happens cool beans to smash the button or walk the plank are debbie be in the house good to see you jay is here bust a move good morning to you so any questions from the chat let's say we got 15 minutes folks till the market opens and i've just told you everything i've got to work with so any questions from the chat good morning chintan could be questions about the market could be questions about the auction process could be questions about market profile or book map anything you want good morning ships welcome chintan says i'd be looking for a fade the market via selling out of the money call options on spx um better be way out of the money brother that's the thing about balance right so again we're just going for a purely hypothetical here right because i don't know the market hasn't opened yet but let's say this morning the market opens it pulls down a little bit it turns around it gets back above that overnight high it comes down it turns that overnight high into support it can very quickly head up to repair these weak references okay so then it's just kissing that all-time high once again all it would take at that point and maybe not today but maybe tomorrow or the next day all it would take is just one little poke boop boop back up into those all-time highs and then you get a lot of short covering right you get everyone who's been selling they were selling on uh wednesday they were selling on thursday they were selling on friday you start to squeeze all those sellers if you get back up there above 55 so you know if i was selling calls up there i'd be very very nervous because that short covering could make a big move so just food for thought not telling you you're wrong i have no idea i have no idea now if you're talking about zero days if you're talking about a trade that you're going to get in and get out of today well then go for it there is a likely probability they will at least try to fill the gap and then you never know that could lead to more selling but if you're thinking bigger picture caution this thing could always make new highs cool bean says btc analysis please um yeah let's take a look at the corn bitcoin okay so the momentum has flipped on the bit on the bitcoin the market rolled over and it started to pull back yesterday it had a bounce now that doesn't necessarily mean anything bullish as of right now because this could just become a channel to the downside right for all we know but i would say the more time and the more volume that the corn brings in today above yesterday's high so the more time and volume it can bring in above 68 900 the more bullish it'll become to head back up for all-time highs okay so that's the question we got the pullback was that all the market needed is it ready to keep the momentum going from here or is this just a dead cat bounce that's going to continue the market lower seeing how it handles yesterday's high will tell the story obviously if we pull back down and we get below yesterday's low we'll call that just you know 64 50 somewhere in there or 64 500 we'll call it somewhere in there if it gets back down below they're very bearish for a larger pullback so these buyers if they want to hold this bounce they got to hold it today they got to keep buying the corn which they may just do if we get a gap and go on the esnnq a gd solo says what is your market profile software it's called window trader window spelled without a w at the end unlike book map book map is a completely unique set of software where you literally can't get the heat map from anything else so if you want to use order flow you really should be using book map with market profile i just say any tpo charts you can get are fine the software that i use is the most expensive it has the most you know controls it is the you know the most fancy and that's great but it's not necessary any tpo chart that you can get with your broker is totally fine for those that don't understand what i'm talking about these profiles that you see here these are just another way to organize the information that you would see on a candlestick so each one of these little letters represents a 30 minute time period like a 30 minute candlestick and they're compressed on top of each other so that we can easily see exact levels where the market has spent the most time because part of the auction process is time if you think about a one-way auction like an art auction right at the beginning the auctioneer is going really fast i'm not her do i have it do i have a thousand do i have a thousand i have 1100 1100 do i have 1200 1200 i have 13 or 3400 but then as he goes higher fewer and fewer hands go up in the air fewer and fewer people are willing to bid and so he has to slow down the bidding i have 1600 do i have 17 17 i have 1700 18 18 from anyone 1800 over here do i have 19 do i hear 19 19 sir 19 right he has to really slow down that auction process at the end to convince more people to do business so understanding the areas where the market spends the most time the areas where it slows down and it just goes sideways in a very tight range helps us to understand where business runs out because the stock market is exactly the same as an art auction it's just a two-way auction they auction it up then they auction it down then they auction it up then they auction it down that's all the market is doing all day every day looking for buyers looking for sellers so we use the tpo's to tell us how much time we spend in different areas because we know that's where the auction had to slow down in the past we also use volume the number of hands going up in the air when that auction first starts do i have 1100 do i have 1200 there's tons of hands going up in the air but then as that auction goes higher and higher and higher it's fewer and fewer hands willing to go up in the air right so if you look at the outer edges of the volume profile ranges you will see there's always way less volume at the highs and the lows see that way less volume than in the middle of the ranges where there's lots of volume so again understanding where those levels are vertically on the chart helps us to know what will be supporter resistance where will the market change its mind where will all the people that were buying yesterday get squeezed out of their long trades where were all the people that were buying in the overnight get squeezed right so that's what the market profile is for what the book map is for is seeing the liquidity in the market so seeing the orders that didn't even fill right so so far this morning we have two large pools of liquidity below price we have one right here at you know between 52.17 and 52.20 we have another one down here at 52.07 right so we can see currently in the order book right now that that liquidity is sitting there those are orders long orders waiting to get filled but then we can watch what happens when the market comes down to fill them right does it disappear does it get filled what happens with that liquidity by being able to see on the heat map how that changes throughout the day we can understand who the market participants are and what kind of games they're playing so the combination of those two things being able to see who the participants are what kind of games they're playing and seeing the areas where the market likes to do business gives us an edge for entering trades chin tan says yes zero days yeah that's all right i'm all right with you selling out of the money calls on the zero days they will likely try to fill the gap they will try to get to friday's high will they get there i don't know but that is likely the market will at least attempt it dylan says when the es opens on a move up with an overnight gap but the spx is still lower doesn't that mean the underlying stocks are still lower um okay so it's kind of a complicated thing yes and no at this moment the stocks haven't moved because the market's been closed all weekend the spx hasn't moved because the market's been closed all weekend but the second that the market opens they will adjust right the arbitrage bots will instantly poof pop them higher so looking at the spx right now it looks like it's below that channel right it looks like we broke lower and it seems like it's bearish but the minute the opening bell rings it'll be like up here and so in that very moment it will have become a look below and fail and then it'll be bullish okay so you just got to wait for the opening bell to ring and then you'll see that that change same with all the stocks that are in the s and p 500 so each individual stock that's in the s and p 500 or the nasdaq or whatever has arbitrage bots you know your block black rocks of the world right there are companies that this is their whole business model they just arbitrage the difference between the underlying assets and the indexes so if the overnight traders push the es higher over the weekend the second that opening bell rings all 500 of the companies in the s and p 500 will pop higher because those arbitrage bots will be making up the difference he says why wouldn't the futures always fall in line with the under underlying assets well they're constantly being connected to each other so sometimes more liquidity enters the futures market or the options market with the spx and that starts to push the index up and then all the underlying stocks get bought up as an arbitrage right sometimes people go in and sell the underlying stocks right somebody dumps a huge position in apple or whatever right and then the arbitrage bots have to sell the indexes to bring them in line so it's a tug of war between the two that is happening every minute of every day that's what that's what makes the es a little bit easier to read because an individual company anything could happen right a piece of news could come out tomorrow and the stock price could completely change the behaviors could completely change for that stock for years to come for all you know but the index it moves in a certain way because there's so many arbitrages connected to so many different things chin tan says basically my question is how would you know today being a gap and go versus a gap and crap so it'll be support so as i said there's three different levels to watch for support the first one is going to be this one here around 5212 so if the market opens and it pushes down there and it finds support and it turns around and it gets back above the overnight high it is a gap and go you do not want to be a seller all right because the market is likely to continue higher the other one is yesterday's high if the market comes down to 5200 find support there turns around and starts heading higher you do not want to be a seller that is a gap and go and then the third one is if the market instantly pushes higher it never fills the gap at all it comes back down and then it turns the overnight high into support well then that too is a gap and go bullish to see so essentially we're assuming the market is going to fill the gap right anytime we have a gap we should think it's going to at least try to fill the gap but if we see information from the market being support being buyers defending a certain level we must change our mind and say nope they're not filling the gap it's a gap and go so it's always this idea of when what should happens doesn't if they should fill the gap and they can't or they fill the gap and instantly run out of momentum down that's the opposite happening which is buyers stepping in so here we go the market is open we are opening right at the overnight high so the first thing we're going to get here is a test of that overnight high chin tan says and ideally in the first 30 minutes yeah i don't trade zero day option so i can't give you any advice on how to do that i purely trade the futures because i don't like that i don't like the way time the the theta affects the price of options i just want to get long or get short when i know what's happening and if i know in the first two minutes of the day then great i'll get longer short in the first two minutes of the day if i have to wait an hour and a half i'll wait an hour and a half i don't want to be forced to have to make a decision before i have enough information that's just the way i trade okay so we are above the overnight high what do we say question number one can they turn that into support can they turn 27 into support now if not if they pass back through the opening price that increases the odds they will try to fill the gap so it is essentially bullish as long as we stay above the opening price let's see what happens okay so what is bookmap telling us is happening right now short covering all those sellers from friday woke up this morning and went oh snap and as soon as that opening bell rings they are covering their shorts that is creating this momentum up that is not bullish to see yet they still need to pull down and turn the overnight high into support for it to truly be bullish because again we talked about the auction process we talked about running out of buyers if the only people buying up here at the highs are people covering their shorts from friday well they're going to run out eventually everyone's going to cover so we need the market to pull back down and give new buyers a chance to fomo in at the overnight high then it will truly be bullish so we're waiting to see if they can hold support and this was what we talked about with the spx here somebody asked the question there you go right the moment the market opens the spx adjusts to the overnight inventory so will every single stock in the market in the index okay more short covering anytime you see one of these green dots the way i have my setting set up it's a large imbalance of buyers and sellers or the dots won't even show up so when you see this many green dots on top of each other like this that is sellers getting squeezed those are stops getting taken out ship says does thinker swim have a tpo chart no it does not it has something called monkey bars which is kind of similar it shows you a lot of the market profile levels like the value area high value area low point of control stuff like that but it doesn't specifically have tpo's tom says where does the data for tech information come from what platform oh tick information so the tick chart if you're talking about the market internals that is just available from the you know the nicy and the nasdaq so any broker should be able to give you access to the tick i know some charge extra for it but it is literally just the ticker symbol t i c k or if you want the nq t i c k uh slash q okay so moment of truth now we are pulling back down to that overnight high we squeezed all the sellers from friday now we got to find out are their new fomo buyers this morning do they want to hold this overnight high as support if they can hold it it is bullish for continuation higher if they pass back through the opening price we are likely to get a little bit of a pullback trying to fill the gap can they hold it jay says fed week should be interesting is it or are they just going to say things we already know it was just going to be fed speak good morning to voo uh dylan says gap behavior always seems weird to me so just put it in context tell yourself the story of what's happening right if there is a gap up then you have sellers from the previous day that have to cover right that's buyers that are going to push the market up higher what happens when they run out do new buyers step in right you also have sellers that will step in to fill the gap what happens if they can't fill the gap what happens if the market pushes back through the opening price starts to head lower so you got all these people selling and selling and selling looking to fill the gap but then it finds support and it comes back up through well then they're going to get squeezed so just just keep in mind who is doing business where and who is more likely to get squeezed that will help you monitor what's happening within the gap it is also worth mentioning large gaps often don't fill the first day so that is another edge to take into consideration small gaps almost always fill large ones usually takes a few days for the market to come back i find a lot of traders the reason they struggle is because they don't understand the mechanisms that are at play they don't understand who's doing business or why so to them it just all seems random sometimes you get a gap up and it goes up all day sometimes you get a gap up and it goes sideways sometimes you get a gap up and it goes down and so you're like what is going on here well just watch minute by minute where's the support where is the resistance where will traders get squeezed so that was your first test of the overnight high they got a bounce can they hold it novice trader says why do you say short covering happens at the market open don't they do it overnight in the es yes there will be some of that the some of the short covering will be overnight but for the underlying shares no right so these stops that we're seeing right here in the order book from from the es these are just overnight buyers i'm sorry overnight sellers right the people that were shorting up here they were hoping the market was going to open and immediately try to fill the gap you see all this volume where was most of the volume in the overnight right up here at the high right so there was a lot of people shorting up here hoping that the gap the market would open and the gap would immediately fill so that's them getting squeezed in here but the underlying shares you can't trade them when the market isn't open so that short covering has to happen once the opening bell rings that's the thing about gaps gaps are unique because every trader on earth sees them and every trader on earth knows what they mean so everyone's got to make a bet everyone's got to be in a trade just because they see a gap and so one side or another is always fixed into get squeezed and a half gap fill is when basically both sides get squeezed michael says what are my dot settings it's a fair question clustering by 50 contract or 50 contracts and minimal display 300 so it just won't even show me volume dots unless there's more than 300 contracts at a particular level and of course the color tells you whether it's more buyers or sellers and the size the indifference right so a little tiny volume dot is just a little bit more buyers than sellers if it's green or a little bit more sellers than buyers if it's red a very large dot is a sign of a lot more buyers than sellers which is a you know a stop's getting taken out okay so for what it's worth it does feel to me like this support is going to break and the market is going to pull back through the opening price however if they come back down and test the overnight high again we'll say uh 52.27 and it holds i will get bullish very quickly but to me this feels like um it's more short covering and less new buying increasing the odds that they will at least try to fill the gap david v says do i interpret the current absent absence of a gap fill as bullish or is it too early to say it is too early to say so to to trust that the overnight high is going to hold i got to see it really hold which it looks like it's going to happen as we speak and of course the second they pass through that opening price everything changes right all the buyers from above the overnight get squeezed and a bunch of new sellers looking for a gap fill join the party so we are dancing on a razor's edge here at the overnight high can they hold it so that's this moment here do the buyer step in do we bounce or do we pass back through the opening price bounces bullish pass back through the opening is bearish to at least try to fill the gap dun dun dun dun dun our p says i struggle with days like this if it doesn't pull back to an area i believe it should and it just runs iphomo buy in and then of course it finally pulls back yes sir that is called chasing a trade i have a rule i never chase trades period so i either get my entry on the pullback at the support level i want to get in or i just let the trade go because you are absolutely right that if you chase trades it may work out now and again but it won't work out statistically over a number of trades you need to buy fear and sell greed and so if you're buying greed right if you're buying that feeling like i'm missing it i'm missing it that won't work out for you most of the time buying fear watching the market pull back into a support and bounce and bounce and being like is it gonna hold is it not that is a good place to enter a long trade not chasing the price up pavel says nq is not or nq is more bullish let's take a look at the q yes sir it's the same exact narrative though they got a hold support above 18 296 in order to keep the momentum going but their low is not quite as weak as the es so they may not need to back test it again let's see what happens with the es here they'll probably both move and sink meaning that if the es starts to fill its gap the q will as well boy they're just dancing on that opening price because they know the second they break through it's liquid liquidation time and there it is all right so that increases the odds that the market is going to try to fill the gap remember large gaps often don't fill the first day so we may push into this support somewhere between 16 and 11 and bounce there but they will probably at least try to fill that gap if there's no support in here you're looking to head to 5202 but shenanigans cha bot shenanigans sienna says your website membership how often do you have live streams or chats every day 9 30 a.m to 10 30 a.m every single day okay so you're probably asking yourself why didn't we liquidate charles we passed through the opening price well we've got bots these are those day trading bots that always buy the vwap they're creating a little bot shenanigans here the higher probability is still an attempt to fill the gap as these are not real new buyers right these computers will change their mind quickly if they don't get any move higher so patience my young pad won liquidation is coming okay so now you have to start thinking about who are the participants and what's happening so anyone that was buying in this node up here in the overnight looking for the momentum to continue they're starting to change their mind now right anybody that was buying up in here earlier this morning they're starting to change their mind now okay plus new sellers who are looking for the market to fill the gap are starting to look to get short here so they had a chance to hold the support up there and keep the momentum going they have failed to do that so that increases the odds that they will at least try to fill the gap as we just changed a lot of people's minds by passing back through that opening price um Rito says icebergs don't tell me anything seems random icebergs getting crushed often what's your view yes sir so the way to view icebergs is basically as being computers right so i don't use them as like a supporter resistance level where you know like if i see a green iceberg i assume the market is going to go up or i see a red iceberg i assume the market is going to go down that's not how i use them i use them to understand what's happening we just had an example of that a few minutes ago the market passed back through the opening price and then it instantly bounced which makes no logical sense right because once you pass through that opening price as we discussed that's where all the buyers start to get squeezed there should have been a bunch of stops right there but what stopped the excuse me what stopped the market from going lower was a iceberg so there was a computer that was trying artificially to hold up the price at the opening price so if i'm a bear i'm just thinking i'm gonna ignore it because it's not real buyers it's just a short-term computer trying to make a trade right now at the second that computer can change its mind instantly and then we'll crash back through which is what happened if i was a buyer i'd be nervous at that moment because i go wait a second this isn't real support that's just a bot right so i use it really as a way to just understand is this a real buyer somebody with size who has decided they want to get long or short which sometimes is an iceberg or is this just a computer doing a quick little day trade and you can tell if it's icebergs on both sides of the market again and again and again so if you have a green iceberg and a red iceberg and a red iceberg and a green iceberg and a green iceberg and a red if you just keep getting that again and again that's just those bots and that's what we call bot shenanigans green red green red green we haven't had a red yet but that's just some computer that trades in a fraction of a second just doing what it does don't ask me what it does i have no idea tom gunn says we need a good pirate crypto coin there's there's thousands of them pick your favorite they're all going up by 50 percent in a single day at some point i'm just kidding don't don't trade shit coins it's not worth it it's not emotionally worth it um rp says when it approaches your support or resistance areas would you be looking to make a decision on an entry well first i'd be taking profits right if i'm looking for a gap fill trade i would be short and a support level first would be a level to get out of my short and then if i'm watching it and it's bouncing and it's bouncing and it's bouncing then yes getting into a long but the first order of business in a gap trade is to fill the gap so until i'm given information otherwise meaning i see the support that stops that gap from filling there's no reason to be long if we'd have gotten support at the overnight high i could have gotten long up there right if we get support at 52 11 i can get long there if we fill the gap and we get support at yesterday's high i can get long there but until then there's no reason to be long until the market confirms that we have new buyers and that it's ready to flip in reverse shanina says just join the brigade welcome happy to have you speaking of which it is that time folks unfortunately i must say goodbye you guys know i hate having to switch from one stream to another at such a pivotal place is this um still haven't filled the gap we got a poor low which is a magnet pulling on price the higher probability is that the market will continue lower however if they do get back above the half back now so 52 28 and turn it into support the and turn it into support is very important then i will change my mind and no longer be bearish but as long as we're below that half back i am assuming we are trying to fill the gap this morning the bots are just continuing the shenanigans they're getting as many traders long and as many traders short as they can before they finally make the move with that i will say goodbye farewell or voir wish you all the best if you have not hit that thumbs up button now is the time give me that like like if not we will see you next week members of the brigade let's set sail see you guys in the private stream bye