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2024-11-25 21:20:53
### BTX2024
### Open Interest:
There are no significant changes in OI as we have moved to premium.
### Institutional Order Flow Sponsorship:
The IOF is bullish above the all-time high. The structure must be maintained away from the high to continue the trend.
### Weekly Profile:
The week presents relevant news on Tuesday and Wednesday with FOMC news, with a short week due to the holiday on Thursday. A seek and destroy pattern is likely.
### Classic Technical Analysis:
We have consolidated a new ATH; although the momentum is bullish, a delay to gain momentum is probable. We have tried to reach the magic number of 100,000 with low volume, anticipating weakness.
### Market Structure:
The structure is bullish.
### Trading Range:
87005 to 100170. Currently in Premium.
### Equilibrium:
93590.
### Key Price Levels:
I do not expect closes below 88955 to remain bullish at daily.
### Daily BIAS:
Bullish. Possible delay to gain momentum.
### Daily Target:
Delay to 89990.
*"The market is never wrong; opinions often are." - Richard Wyckoff* 🔮