As the trading week closes, we wrap up with a detailed analysis of price delivery. This week was defined by an aggressive expansion upwards that successfully cleared all key daily buy-side targets.
The Weekly Open Playbook
On Monday, NQ and ES opened with a bearish gap. However, during the London session, an institutional SMT Divergence printed at the lows: NQ made a lower low while ES printed a higher low. This signaled heavy institutional buying (accumulation) on ES.
The Imbalance Fill
Following the divergence, price reversed and expanded aggressively upward, filling the daily bearish FVG at 4410 and converting it into an inversion zone. Once this zone held as support on Thursday’s retest, the market delivered the final extension to clear the swing highs at 4480.
