New Month, New pivots

Weekly Plan for 9/6-9/9

Hello! Welcome back for another weekly post. Quick recap for last weeks plan:

-Ive had this 3955 pivot from beginning of August and we finally hit this area again. It did manage to act as support for the first bounce and we saw a solid 30pt ripper off this lvl. Moving forward to next week, I still want to use this pivot and play around it.

LVLS:

• Monthly pivots: 4088-90, 4143, 4271.

  • On monthly time frame, we are in imbalance as long as we stay below 4088-90. As long as we stay below this, our tgts are 3869, 3743 and 3640.

  • If/When we do reclaim 4088-90, we can start to venture near 4143.

• Weekly Pivots:: 3955-57, 3977, 4043-45.

  • Still using the same pivots I have as before.

    • If we can accept into 3955-57, will tgt 3977, 4004, 4018 and finally 4043-45 area.

    • Below 3955 and below this 3903, can start to get pretty ugly. Will tgt 3865 and 3837-40 area.

I want to mention this: all my pivots can be interchanged from support to resistance and vice versa. Its just the matter of finding a retest of that pivot and observing whats happening. Ill give an example last tuesday, I was bullish above 4043. Once we opened and i saw that area started to act as resistance, was quick to flip short.

Anyways thats it from me, will keep you updated!

-FlowOperator