Fairness Test

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Fairness TestMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!SidgateGlobex 195-point gap up no bottom wick = initiative buying London tightened & compressed overnight structure NY tagged VWAP & bounced = fairness test NY confirms the upper area 648 -763 fair and balanced If Ny goes lower this will not necessarily be bearish It will be NY establishing a lower balance Three prior microbalances combine into one 690 - 732. If PX reclaims & hinges atop 732 = bullish. Haven't heard of any bombing over the weekend. Market likes that. Durable goods reported at 08.30 ET. Typically doesn't affect MNQ/NQ in a big way unless it is a big miss of expectations. Usually, if in line with expectations, MNQ/NQ will wiggle & resume with its premarket behavior. Update NY ETH sweeps on your chart. Trade the sequence IF sweep THEN reclaim IF reclaim THEN hinge IF hinge THEN Break IF break THEN trade setup is valid Pullback entry: Lip, lip shelf and/or apex shelf 15s bars Bears flip the script. OHM Scenario-1 BTO Hinge will be posted after the fact. They happen fast. I can't possibly post it in real time. Wish I could. Check back and see if you accurately identified it.