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Market Context: The Tension is Real

It’s May. New month. New levels. But nothing’s confirmed yet.

We ended April with a powerful bounce, but that bounce stopped exactly at the gates of higher timeframe resistance. Buyers showed up — no question — but the mission this week is crystal clear:

Break 5773... or get sent back to value.

Previous Week Recap

• Early in the week: range-bound grind

• Midweek: NY swept Friday’s lows

• Momentum exploded through the LVN

• High tagged: 5725, stopping just shy of the major seller wall

Result: Buyers regained control on the daily/weekly but monthly remains in a downtrend.

Monthly Volume Profile

• Still OTFD

• Resistance: 5773.25

• Support: May opens above April’s VAH: 5562

• A clean break and hold above 5773 = monthly trend reversal begins

🔟 3️⃣ 10-Day Volume Profile

• OTFU still in play (low at 5126.75)

• Closed above the 5672 cluster

• ⚠️ POC sits low at 5594.50
  → If buyers lose footing, we revisit this area fast.

📅 4️⃣ Weekly Volume Profile

• Structure: Balanced but leaning bullish

• Closed above the key 5672 shelf

• Next level: 5815 (double POC + failed March breakout zone)

Sellers defended hard here last time — can bulls flip it?

Daily Candlestick Structure

• Current print: P-shaped profile → classic short-covering rally

• LVN zone forming at 5755–5773
  → A trap zone or launchpad : watch closely.

⏱️ 6️⃣ 4-Hour Structure

• Uptrend remains intact

• Price now coiling just under 5773.25

• Above this lies the March 24–26 failed auction zone
  → Break that = path to 5900+ opens.

🧠 7️⃣ Game Plan: Bulls vs. Bears

📍 Line in the Sand: 5773

That’s the breakout gate.

🟢 Bullish Plan:

→ Break + hold 5773
→ Targets: 5815 → 5900 → 6005
(Yes, that’s the zone where 5,000+ contracts were dumped in March.)

🔴 Bearish Plan:

→ Reject 5773 and fail back inside
→ Targets: 5594.50 → 5470 → 5340
(5340 = Last month’s VWAP & structural floor)

📌 Final Thoughts

This week is make or break on the monthly chart. We’re either flipping the script for Q2, or retracing hard back into balance.

🔥 Key tip: Don’t front-run the breakout. Wait for structure and volume confirmation. This isn’t the time to be sloppy — it’s time to be surgical.

See you tomorrow with the daily chart-by-chart breakdown.
Let’s execute like pros.
Jan @ Clavis Trading
Smart setups. Clean structure.

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