Wednesday - calm confidence in unpredictable

- what a day! everything was screaming up, up & up! from the open, through out the day till the break above R! did I take the good trades? NO

- open right on VAH, at the upper extreme of the previous day's range

- bullish IB, rejection from previous day's POC with OTF buyer

- trading in an uptrend & ascending triangle, pressure for a break up

- strong rejection, responsive buyers off the S=1160.25 (3 times!!! during the session)

- value building up higher than previous day

- close near the highs of the range & above VA

- what I've done? where I was? I don't know, wasn't able to focus, wasn't able to pull the trigger, wasn't in the market 100% with my mind; even if in my market prep I had a slightly bullish bias, recognizing the signals during the day, my mind blocked everything & I ended up doing 3 lousy trades loosing -0.50 point.

Well, I do believe I'm improving but I need to work seriously on my patience, confidence & I have to grab my balls in the right situation at the right time, not randomly through out the day, after missing the move for which I've prepared & when that happens just to freeze & be amazed that the expected unpredictable just happened. It is time!!!

- my levels & scenarios for tomorrow:

- we had a late afternoon rally, in order for this rally to be valid, conform with MP principles, the price should remain above VA & previous day high.

I do believe that the rally was made with the participation of OTF buyer, we have solid proof to this: very long buying tail on Monday, rejection from Tuesday's lows with OTF buyer present, single prints created above the conquered R/S=1165.00 (more than 6 times assaulted).

- If we open above VA ( I really expect for this to happen being the fact that VA is located below S=1165.00), I'll be looking to go long in the proximity of VAH or the first single at 1165.75. I do expect initiative buying in this area & a quick rejection from this level if it comes anywhere near. (open test drive)

S=1165.00 it's a confluence of levels now, being the VAH on the composite MP from last 2 days, VAH from Tuesday & hardly worked S from R, I don't think it will return easily below it.

- on the upside we have initial R=1170.50, high of the day, and I expect this level to be taken out easily if this scenario will happen. Next levels R1=1173.50 & R2=1177.00

- on the downside, if the S=1165.00 doesn't hold and buyers doesn't step in I'm gonna look for a short opportunity & I expect a big sell off to the S=1157.25, with other small obstacles along the way: S=1160.25;

- I'm not gonna focus that much on the levels below, because if indeed we get a sell off, the market will tell us and the only trade to take it's short & there are pretty good levels to choose from. My only concern will be to pull the trigger and allow myself to flow.

- if we open above VA & above high of the range & price doesn't show any sign of weakness we'll face initiative buying & price discovery, validating the strong uptrend. It's gonna be hard to go with the flow, but if I don't, I know I'll be left alone in the dust, so if it's gonna be a matter of grabbing my balls, I'll do just that. (open drive)

- if we open like described above & responsive selling will step in, I'll be looking for a short opportunity for a first target to 1165.75

- be aware that we might find another areas of S/R along the way, take them in account

- all these scenarios are based on the open, on the reference points & information that we have from past & should be finalized after analyzing Globex session. Flexibility is the key here.

- I know I'm starting the day with a bullish bias, but on the daily chart we are moving into a steep uptrend with no signs of weakness, every other time-frame is showing strength to the upside. I will be aware of any signs of reversals during the day, if the above scenarios will come true or not & adapt my strategy accordingly.

- econ news: - we have few news that might play a role in market direction

- 8:30 core durable goods, expected better

- 10:00 new home sales, expected better

- I'll be patient & I'll try to execute my plan safe & sound.