Market Review On NQ December Price Delivery

[00:01] All right, so we're going to be doing a bullish fair value gap here. This is a tape reading session I did, and I'm doing an overlay of commentary, but you can see everything was done as it was happening or just before it actually happens. And this is during the macro between 9:50 and 10:10 AM Eastern Time. Mark comes back down into the bullish fair value gap. I want to see it rally up into that minor buy-side liquidity pool. But here's the first presented fair value gap, and it forms as a SIBI.

[00:32] So since I'm bullish looking for $29,950, as I indicated on X this morning, I'm interested in seeing it come back down and touch that. So there would have been a target reached at the minor buy-side liquidity, so a partial would have been taken there. And then because of the event horizon between $29,950 and the initial high formed after the first few minutes of opening regular trading hours. I have a limit idea in, in theory with an alert. So when Mark gets up there and attacks that, that would constitute an example of an executed partial.

[01:17] So 2 partials would have been taken Should that take place. You can see the market pulling back down inside the range, which is completely normal. Now I'm watching to see if this provides support to price action. This is the, again, the first potential fair value gap, and it's going to be viewed as a bullish inversion fair value gap. Look at the bodies, okay? Look at the bodies and Now look at how price is meandering inside that green bullish— I said about sell-side efficiency. So again, note the bodies at the high of that first minute that everybody got.

[01:59] We came down one more time, tapped it. Now it should have no problem running up into that minor buy side, pulling back into that lower portion. Watch the bodies. Inside that green fair value gap. See how it's pulling up higher? So again, event horizon— when it's trading up into it, I like to be getting out right before it hits it. So again, partials would have been taken twice when price books here. So tape reading after extended periods away from price action is critical for visibility and accuracy.

[02:36] This is how I get myself back in sync with price action. I've been away from it for a couple weeks now. Just taking a break and just staying away from social media, recharging basically. All right, you see the market then now using the inversion fair value gap. I'll go into the details why all these things were likely to occur anyway, but you can see it's live price action, it's not market replay, it's me just watching and reading price. And I, I want to kind of like also state this.

[03:09] I'm not going to be doing any more execution videos. I think I've done enough of them. I know they're pretty popular, but they're being abused. People are using them to try to market themselves as profitable traders or mentorship. And there's that fill right there. So Event Horizon would have filled, and the minor buy-side liquidity would have filled on 2 partials. And I want to see it kind of like move up into, uh, that 29,950 level, which is my terminus. Now I can go a little bit above that, but just for the sake of describing where I think the market was going this morning, I posted it on X at 9:36 AM Eastern Time.

[03:55] Okay, you can see market pulling back down into The old high formed around 10:15 AM Eastern Time. Algorithmic price delivery, which is really nice here this morning. There's a few of you actually trying to fade me on X. Some of you deleted your, your posts, and that's Always fun after the fact. 1-minute chart of, okay, um, December NASDAQ futures contract. And carrying over the idea of what I showed this morning, I tweeted, as you can see here, there's the post, 9:30. This morning, and that's what I was pointing to.

[04:56] So I wanted you to note that price. Okay, so having that, we can then go into price action here, and I'm going to go up to a weekly chart. All right, and I want to kind of show you something. I taught this on a video that you can find on my YouTube channel, T TGIF. So TGIF stands for Thank God It's Friday. Okay, so whenever we have a big down week like we had last week, okay, and I'll counsel you to look at the post I made on Monday morning of last week, kind of like it was like a precursor to seeing this type of delivery.

[05:38] Wasn't typed out, but you usually know I'm sharing something positive. I'll share like a sunrise or something, you know, the animals around my home early in the morning, usually peaceful type things. But, uh, I kind of like wanted to prompt you last week on Monday morning that, you know, we had some trouble coming. It was a really big sell-off for the week, but we didn't come off of the lows for TGIF, the weekly range. And what I teach, and you'll find it in that video, you can do a search on my channel TGIF.

[06:15] And the rules are, if you don't get the TGIF formation on the week after Friday's close, the very next week on Monday— if there's a holiday on Monday, then it'll happen on Tuesday. Okay, but as it were, we opened here and we traded right back up into last week's range. Now I'm going to show you something here. Here is the high down to the low. You see that? So this is 35%, 20%. Now why is 35%? It can go as much as 40% and still resume going lower, okay?

[06:57] But we're also going to look at some factors that leads to why 35% of the range is likely to occur. And we'll drop back down to 1-minute time frame to accomplish that. Again, we're inside regular trading hours chart so that we can see that. And we're going to go and scrub back over to this morning. All right, so here's the opening range gap for regular trading hours this morning, and there is the minute marker where There. Watch right here. See that? That candlestick right there is where I posted it.

[07:38] Okay, again, October 19th, 2026, 9:36 AM. All right, so I'm going to move this out of the way so we can see everything else. So we open up here, we had a premium gap. Now think, We didn't get TGIF last week, so it's likely to do what? Draw up into the weekly range from last week. How much? 20 to 30%, as much as 40%. So if the usual standard recipe for TGIF is standardly delivered to 20 to 30% of the weekly range, we can always look for reasons to anticipate something beyond that.

[08:20] In terms of, uh, of a retracement, and I'll explain it in a second. So we have the market having consequent encroachment of the opening range gap, which is here. So that was 29,571 in the red. We consolidated in here. The very first gap that formed here at 9:38 AM, 1-minute time frame, it's a SIBI. So when we have price create that, it's likely to start seeing a willingness to want to go lower. Look where it was already like predicting that with the bodies. The wicks were showing an attempt to try to get above it, but the bodies were telling you the narrative.

[08:59] Okay, so the folks that like to believe in buying and selling pressure, my interpretation of reading price action algorithmically will tell you what that buying and selling pressure proverbially would be. Okay, if you want to look at it that way, that's fine. So the market reaches lower than this short-term low here, so we have sell side being taken, and it trades down to 25% See that? 25% of the opening range gap. But what else is it doing? It's trading down to that 20% of the weekly range, previously— previous weekly range.

[09:38] See that? That's what that 0.0 or 0.2 is. Then the market creates that drop during the macro between 9:50 AM Eastern Time and 10:10 Eastern Time. We have a gap here that forms once we have a little bit of a rip higher, and then we drop back down into it. Now look what's going on here. See the bodies? That's how you know when the buying pressure is really buying pressure. You like that? So the bodies are staying at or above the midpoint of this Bullish fair value gap.

[10:15] That is bullish order flow. You see that? No gimmicks required. Okay, so when it does this, you can anticipate price reaching back up into very minimum first presented fair value gap and then reaching for minor buy side. And I moved that line up to here, and you see that in the recording that just started. I also shared it this morning on X immediately after it was done. So the market used that fair value gap here, rallied higher, then used the perfect consequent encroachment level. Opens here, trades down to it there, inversion fair value gap, rallies, takes up the money buy side, creates a short-term high here, trades lower.

[10:57] This area here, I wanted to see the bodies really start showing some indication that it wants to move higher, much in the same vein that it did here. So all the bodies are, were inside of that first presented fair value gap. Even though it had all these wicks, it was likely to draw down first because if we're bullish, we want to see price trade lower first and clear up some liquidity. That's engineered liquidity and gets people offside looking for breaks out, breakout and such. And the risk was initially defined to consequent encroachment there after it rallied up.

[11:32] The trade idea would start with risk Right there at the middle of that wick. So consequent encroachment would start there. So buying in here, risk would be here when it starts to rally up. And then you can see how we moved it to there after we started really moving higher. And there was 2 forms of a partial hypothetically explained as live price action was being delivered. I made a notation in here. Note the bodies here. And look what they're doing. They're supporting the idea of this first presented fair value gap.

[12:08] That's probably random, and you probably find that in about, oh, I don't know, 60, 70, 300 books in retail logic, right? That's what they tell you on the internet. And, and let me just toss this in here. I am aware of the big news that came out on social media today, but I'm going to stay above it, okay? I'm not, I'm not interested in dumpster diving, so I'll just leave you all to that. The market trades back down into that first presented fair value gap, rallies higher.

[12:33] And now look what we got here. The bodies are supporting this bullish buy side imbalance, sell side inefficiency, and it rips up into this inversion fair value gap. We trade lower one more time, taps into it there. The bodies— look, see what's happening? We can't drop a body outside of that. So this suspension block is being supported here. We have a fair value gap there. It trades down into that. Look where the bodies are. It's indicating that it's bullish order flow. High, high, relative equal highs, minor buy side.

[13:09] It rips higher there and then takes out the event horizon. Event horizon is the difference between the, the level I posted this morning, 29,950, and the initial high that formed here. I'm sorry, the heat that formed here. Sorry. So by having the midpoint between this high and the 29,950 level that is here, and you see that actually being done in the recording that I started with here and again shown this morning, then finally it rips above 29,950 and then goes up into 0.35%. Now why is that a likely scenario there?

[13:53] Well, let's go over here. We'll scrub back over to the left-hand side and we'll bring it into this little video. So here's some relative equal highs. So you know what's going to be above that? Buy side imbalance— I'm sorry, buy side liquidity. And then to the left of that, what do we have? We have a gap. Look at that. So what do I teach you when there's a gap just to the left of wherever you think price is going to go? If there's a wick the wick takes precedence.

[14:18] Well, that's what this is right here, folks. This is part of that gap. It's in there. So we look past this gap. Everybody else thinks they understand inefficiencies, and they have all kinds of mythology around what I supposedly know or don't know, what I authored, what I didn't author. And, you know, I'm getting worn out with the, uh, the ignorance of some people. I'm just blocking people now. And you'll know if you go through my content that I teach that if there's a wick to the left of a gap, your focus is on this.

[14:56] Okay, and now we're going to go in here and change these levels, which is TGIF, and then we're going to simply going to put in that midpoint level, which is consequent encroachment. See that? Now watch the magic in this. It can go up to here if it's going to be bearish still. It can trade that high above the relative equal highs there. But I'm just going to look at 29,950. Why? Because I'm teaching you as my students that that's the low-hanging fruit objective. That's the easy thing to reach for.

[15:29] The technical science required all these other things here, but this was the basis as to why I felt that this is likely to deliver. This is the easy stuff because it's part of incorporating TGIF into a new week from last week's total weekly range. Since we didn't get TGIF last Friday or Thursday, we had it carry over into the new week, and you see that taught in my TGIF lecture on our compendium on this YouTube channel. So here's that wick consequent encroachment. Now We're going to walk it out over here.

[16:08] I'm going to go slow so you can see the effects of how price— look at that, isn't that beautiful? Now I'm sure, I'm sure Gann or Wyckoff or, um, name whoever you want to name, I don't care. I'm basically thumbing my nose at all of it because they didn't teach this stuff, folks. They really didn't. And we have minor buy side that formed here and we rallied up into it. We cleared 0.35 of the weekly range, and then we cleared into that consequent encroachment. Beautifully delivered.

[16:41] And then wouldn't you know it, it gives up the ghost, comes right back up to what level? What's the high of that candlestick? 29,976 even. That's exactly 0.35%. Now, if these lines were a little bit higher, we could have used 0.4, which is exactly what I teach in the TGIF. It can go as much as 40% of a retracement. And again, that's assuming everything being equal and the longer-term direction is still going to work out in one direction. In other words, the direction of the previous week's range.

[17:22] We have a wick here, split that as consequent encroachment. You can see none of the bodies are breaking above that, so all this is distribution. Breaks lower heavily, and terminus is then traded back down through. Come all the way back down into this gap here, back down into this inefficiency there. Beautiful delivery of the octant on the opening range gap, and then we meandered around here until we finally settled. So I, I think that today was a good little example of me tape reading, giving you something in advance.

[18:08] I didn't give you multiple levels, I can give you a whole lot of moving parts, and that's kind of like what I teach you as a student to focus on. You don't have to have 1,000 PD arrays. You don't have to have all kinds of scenarios. You're not trying to catch the high and the low of the day. You're not trying to catch every single little fluctuation. You just got to blend some things that make sense from a higher time frame macro perspective. Okay, so hopefully this was insightful.

[18:31] Until I talk to you next time, Lord willing, be safe.