Hi, I have been tinkering around optimizing my process both systematic and my thought flow. At the end of the trading day, I do like to get a feel for how the market delivered price in the context of the background of macro narrative/bias in place, but on a micro level, how specific asset is delivering price by seeking liquidity or filling up an inefficiency on the buy or sell side.
The goal is primarily to stack up probabilities in your favor both off the charts from the macro side of things, which is also being quantified and connecting the macro narrative to execution on the charts at the right time.
The market color aim to provide my view of how I expect/anticipate price to possibly deliver and how that also connects to my macro bias and if I expect a temporal change in flows, it all feedbacks for me.
There is no template to when I will publish this color, could be daily or bi-weekly, but primarily when I need to re-align my thought process on how I think the market is pricing.
NASDAQ COLOR
We had a quite trading session today, in between the New Day Opening Gap from the sell side of the curve. From the HTF and given how we are stacked on the economic calendar from a data perspective, I am still primarily bullish and expect price to trade to 20,000 and/or 20,200 level.
On the mid-level timeframe, I would like to see some level of retracement in tomorrow early session, between London and NY market open. Potentially to set up a long trade to align us back with the bullish orderflow, and bullish macro narrative.
S&P500 COLOR
The key concern for me for the S&P relative to the NASDAQ is we have traded quite significantly to premium levels, could we extend pass the historical high? possibly, but I wouldn’t exactly be willing to stack up position in S&P, as it filled the sell side inefficiency, while NASDAQ still has its sell side inefficiency open on the HTF.
On the mid level timeframe, same context apply here. would like to see how we trade early london session tomorrow, but we need to stay above 5,500 for a continuous long trade.
I think substack has a chatting feature, will probably use that to share live updates on levels I am watching and what I expect to support the market colour.