ICT YT - 2022-06-14 - ICT Index Futures AM Session Review - 06142022

Last modified by Drunk Monkey on 2022-07-09 07:14
1 00:00:00,000 --> 00:00:11,550 ICT: All right folks, welcome back. This is our am session review for the index futures market, s&p on the left hand side NASDAQ on the right both being a daily
2 00:00:11,550 --> 00:00:26,220 chart you can see we have a small continuation on the downside you're on the s&p failed to make it back to an old low NASDAQ was able to make a return back to
3 00:00:26,220 --> 00:00:37,980 that old low both taken previous day's low here so bias bearish bearish first area of opportunity for liquidity or drawing liquidity is previous day's low,
4 00:00:38,610 --> 00:00:47,340 both seeing that come to fruition, it's dropping down into the lower timeframe. Alright, here's the five minute chart pause the video
5 00:00:52,500 --> 00:01:03,780 alright, if you have not pause the video investors should annotations. Alright, so we had again, bias has been bearish pull up liquidity as previous day's low
6 00:01:04,410 --> 00:01:20,760 noted down here on NASDAQ and on in s&p Beisa liquidity here, market rallies up into that from 830. drops back down one more time. Above the old short term high
7 00:01:20,760 --> 00:01:34,650 here, the market breaks lower at 930. Equities opening, taking out sell side shift in market structure rallies back up into a fair value gap does get close
8 00:01:34,650 --> 00:01:45,000 to the swing high but the stock would be at that swing high at 3781 Never would have been tapped. market breaks down first partial could be here and then aiming
9 00:01:45,000 --> 00:01:57,330 for previous day's low. And then we have been chopping going into the New York lunch hour. NASDAQ very similar pattern here buy sell liquidity, no more
10 00:01:57,330 --> 00:02:06,420 bearish, we're looking for that type of scenario. It rallies up to Judas swing one more time as a failure. Short term shift in market structure here takes out
11 00:02:06,420 --> 00:02:14,640 this low as well comes back into the fair value gap. And just the bodies of the candles respecting that I failed to mention that over here as well. The bulk of
12 00:02:14,640 --> 00:02:23,400 the volume, in short inside the fair value gap, all of the extra wick action, we expect that we're not trying to be as precise. It also is very forgiving for
13 00:02:23,580 --> 00:02:32,160 developing students, if you keep your focus in here, and your stop loss would be above here, and I failed out there. I apologize, I should be having one of these
14 00:02:32,310 --> 00:02:40,830 right there. So on that candle, you would have one just like it does over here. I'm in a hurry today because I take a road trip rather long one several days
15 00:02:40,830 --> 00:02:49,110 long. So I apologize if I seem like I'm rushing through it. But otherwise you wouldn't get a video at all. So the market trades from the fair value gap down
16 00:02:49,110 --> 00:02:59,310 into this short term low first partial there and then below the previous day's low and then we've chopped since then, New York, equities open at 930. You see
17 00:02:59,310 --> 00:03:09,330 we went above that to get rid of a gap and above the 30 as well. So we're in a premium, both 930 and 830. For the fear of a gap, we're in a premium. So that's
18 00:03:09,330 --> 00:03:19,260 a really good high odds when the bearish bias is in play. Below short term lows is the target and hopefully found this one insightful. I will not be doing a pm
19 00:03:19,260 --> 00:03:26,940 session. I don't think anyone should be watching the afternoon we got FOMC on Wednesday. That's another day to be careful. Just watch and observe. And I
20 00:03:26,940 --> 00:03:35,490 probably won't get another video up until Thursday. But I promise you'll have two lectures this week probably won't be till this weekend. But we'll review the
21 00:03:35,490 --> 00:03:39,840 next opportunity I can win and if I'm able this week to talk to you next time. Be safe