MLK Tuesday

This week is probably going to be fooking volatile. ECB shit going on. Crude shenanigans. Market pushing up strongly overnight etc. It's a fairly busy week for news events.

Overnight had a decent OD pushing price up to the 2023 level (CLVN and MCHVN)

2029.50 is a big level for bulls to get through (MCLVN and CHVN) I think if this level is breached then price is more likely to head towards 2049 (MCHVN) and 2060 (MCVPOC). The 2029 zone is the upper/lower distribution line on the current profile. I'll be looking for driving behaviour on breach.

So, opening appears to be OAOR/OOR, more likely to expect responsive sellers to close the gap and attempt to push price back into value (1995 MMCVPOC (MiniMicro)) (although this VPOC is the HVN for the lower distribution.)

So really it seems quite easy. Upper or lower distribution? Hehe-easy...

Some hypos for today.

1. Responsive sellers step in at the open and drop price for a gap close. I'll be looking at a large zone for buyers to step back in. From 2019 to 2013. I just see too many reasons for each level so probably best to just look at the whole zone and see how it trades if entered. The less price pushes down into yesterday's profile the ore confidence I'll have in taking a long which is the trade I'm looking for. I'll be targeting a break of the 2029 level and a push towards that MCHVN zone. If driving behaviour then campaigning will happen.
2. Lethargic open with no real direction. With the news coming up market could sit in balance waiting. Will be doing 1,2,3 point scalps if this is the case and looking to see where the extremes get set. 2029 being the upper but the lower could be anywhere in the 2019/2013 range (2014.75 being yesterday's VPOC). A break of the range likely to see a strong drive.
3. Initiative and responsive sellers step in. Will be looking for OTD/OD for this. 1994 initial target but would expect a break lower and possibly new lows on the month. If this looks like it's happening I will campaign like a mofo around core short. 

My levels have been fairly decent as of late and the market has been nice and volatile. I'll be waiting to see what happens before taking an major directional trade but likely to scalp 1,2,3 points here and there in the meantime.