[0:06]Hello folks. Welcome back. Just a brief technical review on the Nasdaq futures contract for March delivery.

[0:19]I'm going to try something today.

[0:23]I saw that some of my videos have the ability to show like artificial intelligence, like different languages and what not. I believe that I have to have the video under an hour for that to happen. So I'm not certain if I'm going to do it correctly on this video or not, but I'm going to attempt to do it. So I'm going to try to do it in like 15 minutes and then uh, we'll see what happens. All right, so this is a daily chart on Nasdaq, okay? And I've toggled the little set button down here in the lower right hand side. I kept toggling it until I saw the more exaggerated volume imbalances, like that's a volume imbalance, these are volume imbalances here. So wherever the most exaggerated ones are, by toggling that set that's usually the one I'm going to go with, okay? So it's the easiest thing, um, in terms of rules. That doesn't mean I'm always going to go with that, but I'm I'm using it for that purpose. So that way I can see where there's a volume imbalance and whatnot. So long-term on the daily timeframe buy side is up here and sell side is here. And watch this guy, he's got his eye on you. And if you take a look at this suspension block here, that's what we drove up into today. And now admittedly, I I, I didn't know how we were going to trade today. And I watched price, um, meander around, you know, for, you know, weeks and weeks looking at this daily chart trying to figure out, you know, where I want to see it go. And the only thing I settled on coming out publicly and telling you was that we would take out the relative equal highs on the daily chart. Now, this is a continuous chart, so it doesn't show like the front month March 2026. March 2026 is highs in here, okay? They don't look exactly like this. So they came up and cleared the relative equal highs out on March delivery. This is continuous contract, so it's factoring in every time there's a new contract, it roll over, it starts calculating that price action. So it's always going to be some somewhat skewed, okay? So the suspension block in here, it drew up into that and the reasonable draw would be to try to see it get up into halfway. And now if it can get above halfway and trade outside of it, then I would anticipate this acting as an inversion fair value gap. This is the analysis part going forward. If it can do that, then I think it may want to challenge these relative equal highs, but as long as we stay below the the consequent encroachment of this suspension block, then we're probably just going to hammer around inside the range to find by that high and that low. And that's a little bit, you know, just disconcerting, it's And that's somewhat disenchanting for me because I I need this to start moving out of this range for me to really be interested in taking significant live fund trades. All right, Nasdaq. We are in the one hour timeframe. Still sticking with the continuous contract. That's that suspension block here, shown on the hourly chart. And the sell side here, the buy side just been annotated over here, but the same price level. You can see how we dropped down, took out this low and that low, with this run into an inefficiency, which you see right here. Okay. So, buy side, sell side inefficiency, deep discount relative to that low up to the high, it's traded down into that. And then we opened new week in here. Trade it up into the gap. Trade it lower. Rallied up, and here's where we at. The price action at the time of this recording. 15 minute timeframe. Zoomed in, okay? You can see the one-hour gap down here. Look at the body's respecting consequent encroachment. And then the market reaching up into this measure of buy side. And here is the new week opening gap, and the high and low of it. You can see we just ripped right on through that, had no intentions at all coming back to it and just really difficult, unless you were expecting higher prices right from the beginning at the opening bell or sooner. And just stuck with it. Yeah, it's, it was going to run right over top of you. All right, so now we are in the one-minute timeframe. And here is that new week opening gap, with all of the eighths and quarters level on it. And then we had this gap up in here. Bias, imbalances, sell side, inefficiency, trade it down to an order block. And I'm going to transition over to a one-minute chart on the March contract.

[5:56]So we're going to strip it down completely naked. And then we're going to add the first hour's trading. Okay? So that's kind of like the, the focus if you will, of this lecture today. If there's ever a time when I I don't know what side of the marketplace I want to focus on. In other words, I'm waiting for more information. Submitting to the first half an hour of the opening range, looking for first present fair value gap. Looking for the market to consume 945 or 10 o'clock news. If I'm just really reluctant to do anything until you know, the first hours trading. Then it's usually going to be as a result of a market that is completely rips off into one direction. Basically today, okay? So, with that, I highlighted the low and the highest high inside the first hour's trading. So at 10:30, go back to 9:30, mark out the highest high and the lowest low. Okay? And by having that range, what you can do is you you obviously have to grade it because all of your key PD arrays are going to form around in close proximity to one of these gradient levels. And I want to take your attention up into the upper half, so here's that 50% level. Okay? So this first hour's range, the upper half, it's going to be sensitive if it's bullish. Okay? So then I'm going to focus on that, not worrying about the lower half. So now what I've done is zoomed in to the upper half, and I'm going to go back one more slide, so you can see what I just did. This little area in here, I'm zooming in on that. Okay? That is just simply the half or the upper half of the full one hour's range. So that way we're going to transition one slide at a time. Now, we're looking at the gradient levels, the upper half of the first hour's range. Zoomed in on the first hour's upper half of that range. That's all that it is, okay? Now right away, you can see there's a quadrant level here, there's a, or not a quadrant, a gradient level here, gradient level here, gradient level here. And we trade almost to this high here, but then we break that low. So this is the next one that's going to trade to. Now, in this level here, look just above it, there's a small little gap there, but there's a swing low right there on that level. So go past that to the left, what do you have? Inefficiency. Okay? So you can see right away that that is a valuable candidate, potential candidate for a high probability discount PD array in the form of a buy side and balance, sell side and efficiency or busy. And the market trades down to consequent encouragement, look at the bodies staying in the upper half. The market rallies up, comes back down, touches the gradient level, rallies up, drops back down in, trades higher, and eventually takes out the buy side above these relative equal highs. Now, sounds great, right? Hindsight, anybody can do that part, right? So what I want to show you now is I'm going to take off that blue box and I want you to think about what you see here. You see right there.

[9:26]Market maker buy model. Zoomed in, original consolidation. Stage distribution. Second stage distribution, down right into that discount buy side, sell side inefficiency. Rallies up, there is a inversion fair value gap here, extend that forward. You can see that right in here. There's accumulation, second stage re-accumulation, but in the upper half from this high down to that low, it's still trading at equilibrium. It trades down into that and then rips higher, attacking that buy side. Notice the bodies here. See how they're all more or less converging around the same level? Disregard that wick. I just had that as the highest high at the time. Then I thought that they were going to run just these bodies here and you'll see that I did some executions here. So we have a inversion fair value gap there, trades up. I was watching to see if it was going to use that. It did. Went below it. Change the state of delivery, which are these three up-closed candles, that's my bearish order block. It's the opening price right there. Trades up into it. Hits it. Very quick market, hits it and pulls away. I ended up getting in as it's pulling away from it. Got a little bit of slippage there. You can see the prices, by the way. And then I added more to it there and then once more when we were trading back up into it there. And then ultimately filled out right on the consequent encroachment level right there. Now notice at the bottom of the chart, this is not market replay. I didn't have a chance to record anything today. I was just my attention was divided between what my puppies were doing, what my wife was talking to me about and doing this as well. So the recording wasn't possible. And the idea of trading down into that level there. And then I wanted to see, does it repel price there? Do this inefficiency here, on a one-minute chart for March delivery. Get the consequent encroachment level and you'll see it trades right to there and my exit price is right to the tick on the consequent encroachment level. That's what that price is. So it was just simply a limit order. I did fancy dance it, you know, trying to be cute with it, but I could have been snuffed and not allowed to get out of it and then it would have completely reversed on me. So if that would have happened, you would have solved that, you know, I would have been stopped out up here, which you've seen executions do that sometimes with me. And I went long and now I'm using the market maker buy model. So I went long here and then rallied up, trade it down, had to take a little bit of heat against the position. The original stop has to be below that low right there. So buying in here, stop loss down there. It's a little, you know, it's a little wider than you're probably used to because you want like really, really small stop losses and they're kind of hard to pull off right now with the level of volatility you have. Like lots of back and forth, sharing the previous candles ranges, it's just it's a little bit more difficult. If you think it's easy, then you know, maybe you should do a mentorship and I'll I'll I'll I'll sign up with your stuff. You think I'm really going to do that? I'm not. So the point is is going along in here, absorbing all that and then waiting for it to rip above these bodies here. Okay? So that is this. You can see that's where my exit was there. So it was just a little bit of practice today. It's obviously it was demo. You know, I'm not trying to put anything in with real money until we get until next week. If it doesn't improve or really you know, show me something outside the range, then I'll stay in demo for a little while longer. I'm not in any rush. I'm not trying to get out here and offer up, you know, donations to the the markets that are that are seeking to take everybody's money from them right now. So that that's what I have for today. Um, just the opening range. When the market's are running and they're one-sided and I have to wait for 10 o'clock news or 9:45 news, or I just simply don't trust the direction or I have, you know, a hard-line bias on what I want to trade on. I'll just simply wait for the first hour's trading. And then once I drop the gradient levels on them from the highest high and lowest low of the first hour's range, if if I'm bullish and it's certainly look like it was trying to get to that consequent encouragement of that daily suspension block. Um, that was a likely candidate to draw up to. So that was the reason why I used the idea of the upper half of the opening range gap, not the opening range gap, the upper half of And that was the reason why I used the upper half of the first hour's trading range. If the market was going to stop me out and go lower, go that below the lower half or equilibrium, trade in the lower half of the first hour's range, then I would look for the lower quadrant and or and complete roll over to the low of the first hour's, um, low of trading. I'll give you more details as we go throughout this year and you'll I'll give you very specifics as it relates to how I use the first hour's range, um, but now that's I just want to give you real world example of what it was like, what it was done and uh, how I use it going forward today. I hope you found it insightful. I hope it inspires you to want to learn more about it because that's kind of like what we're going to be talking about this year until I talk to you next time. Be safe.