I would like to see an explosive momentum raid above this level - identified by the yellow horizontal line - for confirmation of a continued push into buy-stops...
We've been pricing in this 2023 levels since last year, and I still believe we have another leg down to complete a 3D for resting nested sell-side liquidity...
This being said, what I plan for is an RMR into supply ...for those that don't know what this is - Raid, MarketShift, and Return
I would like to see this occur before...the max pain is over...
I see /ES tagging 420$ before returning and testing new lows!