April 29 AM Plan

We're still just digesting in the daily bear gap on SPX. Nothing has really changed from yesterday's thesis for the week: consolidation, until a catalyst helps create speed in one direction or the other.

The 4h ribbon and every important level of 5500 remain strong support, with the swing put trigger acting as consistent resistance. The bias is up, so I'd prefer to wait for a reaction back into the ribbon before entering a trade.

The hourly is firmly bullish the H21 acting as clear support. We are still putting in clear bearish divergence with a squeeze which suggest another move back to the H21 before deciding on direction. Therefore we could wait for a 3m vommy to catch that move down to the ribbon, but the higher likelihood play is to wait for that move into the ribbon and then get long.

Multiday/Weekly levels - we're stuck in the trigger box, again to be expected given the amount of data releases ahead this week. Bias is still bullish, the H48 is the final support and is standing strong thus far.

On to the 10m chart / daily levels and morning plan!

We're squeezing on the 10m with what looks like an attempt to inverse vommy, but we're at PDC. PWH high is also acting as a meaningful level as well, so best to wait for a clear move in one direction and wait to enter at the 3/21 on a pullback.

A move up to the call trigger isn't guaranteed given the supply zone created early this morning. We shall see.

Extra caution as we're in the trigger box. Bullish bias. Expecting smaller moves, so take profit, nbd!