ES MES CPI Tuesday AM Briefing

 

ES MES AM Briefing Video

Transcript:

all righty all righty happy CPI day

let's just get right into it so

yesterday one of the things we do really

well in our group we're good at calling

the turn what's the turn price goes up

then price comes back down the turn

beautiful reversal box there uh for my

members and I'm certain that you see

that um we called the top not the top we

called the turn really good that um Not

only was it based off levels trend lines

it was based off understanding of all

the indices and so that was really

really fun uh when not to trade so in

the morning had the smallest IB range in

recent memory 7 and a half points for

the first hour of trading are you

kidding me I really don't remember one

that small and a lot of my members

decided hey I'm not going to trade this

and I'm out I quit at my quitting time

and got out

uh did a couple things here around the

house and when I looked back on the

chart we were here and that's when I

popped back on to the stream inside the

Discord group with a couple members and

uh we were able to take a little bit of

money out of this top but I missed the

big flush I missed it I had to go run a

couple errands and I just missed it and

that's what happens and so you have to

be content and in fact when we got back

on Zoom here in this late morning time

um looking back over it I missed a

beautiful long at 50 our core strategy

would have given you that and then

because I had to go run in her in the

afternoon I miss a massive short and

then I miss this beautiful long right

here against Trend and this first touch

of this strong level the warning shot to

Bulls missed me by two ticks and missed

out a beautiful 10 pointer like H are

you kidding me just wasn't here wasn't

here missed it happens it happen

so when can you look for a short and a

parabolic move like that well go view

this quick small video that gives you a

little bit of insight when not to short

go look at that video on parabolic trend

lines and it'll give you a little bit of

insight into that so today is CPI day I

Meet CPI The Chicken

want you to try listen to me I want you

to try to to chase this little chicken

what do I got to chase a chicken for as

embarrassing you know first because I

said so and second because chicken and

chasing is how we always used to train

in the old days you catch this thing you

can catch grease lightning ready yeah

well I'd rather eat it than Chase it

ain't very mature if you say well

neither are you very mature now listen

get this thing a fighter ain't a farmer

come on go on and get him get him get

him get him come on what's the matter

with you get him pick him up it's one of

the three days of the trifect of news

events fomc non-farm payroll and CPI

today the rules would be small all if at

all don't be a Chicken Chaser wait till

the Sea of 8o candles stop and no

chasing you don't need to make your year

gambling today um this is going to

reveal the people who have not matured

in their trading to a point that they've

gotten past

gambling okay so today is

CPI and CPI is really really important

What is CPI: Definitions

so what I'm going to do is I'm going to

read a couple things to you so the first

one core CP I core CPI is the change in

price of goods purchases by consumers

excluding food and energy uh what's this

CPI and what's this CPI they're a little

different so the first one excluded food

and energy this includes food and energy

this is the change in price and goods

and services purchased by consumers um

consumer prices account for a majority

of overall inflation inflation is

important to currency valuation because

Rising prices leads the central bank to

raise interest rates out of respect for

the inflation containment mandate so

that's the official stuff there why that

matters to Traders and those are the

numbers we're getting today 1 hour

before the Market opens we will be on

Zoom if you'd like to join us even just

for one day grab you a zoom pass and

I'll make sure that you get on the zoom

with

us so um once again you don't have to be

the first to short although several of

my Traders were short up here I know

papy and Justin and and Jackie and

Warren uh those are the ones I just know

about you don't have to be the first

short there'll be plenty of time to do

that we're looking for trend line breaks

and multiple daily lows okay so now

Trend Lines

we're going to discuss the trend lines

and once again that parabolic video I

will include an image for you here and

probably a link in the first comment so

so this was the primary trend line in

the morning I want you to notice it

broke it and it typically does a nice

retest and if you have one of our bounce

levels there that is a perfect time to

uh go short miss this long here by two

ticks but notice the trend line here

notice the respects of it even on the

other side of the trend line and then it

loses it so this has been on our am

Zoom seems like for days and days now

then it's come to this second trend line

respecting it now it's back testing the

backside of it it's now went to my next

strong level I'm not trading this this

early in the morning so I did not take

this trade called The Bull bear line so

it's testing two more 30 minute levels

it took this one out and it looks like

it's taking this one out what's below us

More Strong Levels Below

I have watch out below here 5,000

975 what do I have further down it's CPI

so I'm interested in what do I have

further down okay further down I've got

some meat right here this is I call this

a strong range um we've got another 30

minute trend line and we got a daily

trend line so this area here is going to

be really important um it's somewhere

here

8350 to

7970

5 um and I also am noting here put

7825 on your

chart and now let's scroll down let's

scroll down if this thing wants to flush

then I have another level here at

2975 and I also want you to denote 2850

those easily could have been strong

levels but TP sometimes when I pick a

line I'm I'm just

picking it's several lines and I'm just

picking one and sometimes I do a range

but put these on your chart as well as

beautiful

Overnight Session

targets so what has happened

overnight you have

Asia London took Asia's liquidity and

pulled in to my next strong level so how

well did this strong level work first

touch beautiful bounce did it prove to

be a strong level

yeah and then it finally flushed it and

now we're going to tap dance off this

bull bear line I have not made any

adjustments to the strong indicator

today there's no sense in it um I think

all these levels are still valid so

we'll see what happens on Zoom see you

guys on Zoom here in a little bit Stay

Green my friends and to learn more about

our group go to micr

[Music]

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