Chermane Trades Livestream - June 18, 2026

Market Analysis and Updates

Introduction to the Session

• Good morning and welcome to the session, noting that it feels like a Friday due to an upcoming holiday.

• The speaker plans to clarify questions regarding server updates and housekeeping items as the chat fills up.

Weekly Market Overview

• A review of recent market activity, particularly focusing on the dollar index and its bullish order block. The last down close candle is highlighted as significant for analysis.

• Observations indicate strong order flow in indices, suggesting potential bullish trends moving forward. The S&P is filling a volume imbalance while the Dow may reach new all-time highs soon.

Dollar Index Insights

• If both indices and the dollar are rising simultaneously, there may be a risk of weakness in the dollar index after clearing liquidity pools within a 60-day look back period. This observation is crucial for future trading strategies.

Detailed Index Analysis

Dow Jones Analysis

• The Dow shows inefficiencies with volume imbalances indicating potential bullishness; however, there remains an open portion that has not yet traded downwards into lower volume imbalances.

S&P 500 Insights

• The S&P's closing price indicates a minor volume imbalance by one tick, which could influence trading decisions going forward as it stays within an upper portion of this larger imbalance.

NASDAQ Performance Review

Daily Chart Observations

• NASDAQ has cleared sell-side liquidity within its 20-day look back period and is now trading into a volume imbalance with signs of displacement higher following two consecutive down close candles acting as a bullish order block.

Economic Calendar Update

Upcoming Economic Events

• There was medium impact news at 8:30 AM but no further significant events for the week due to tomorrow being a holiday; thus, traders should prepare accordingly for market movements today before the break.

Housekeeping Announcements

Trade Breakdown Information

• A trade breakdown from yesterday will be sent out today along with today's market review combined into one PDF document for easy reference by participants in the session.

Study Sessions Update

• Live study sessions continue every Saturday; however, future sessions depend on ongoing developments in trading education content provided by ICT (Inner Circle Trader). Past recordings will be uploaded for access in new Discord channels for those who missed them previously.

Live Stream Schedule Clarifications

Future Streaming Plans

• Live streams will occur three times weekly (Monday, Tuesday, Thursday), serving as signal days unless weekly objectives are met earlier; signals will still be sent out on non-live stream days if necessary until January 1st, 2027 when live streams will cease entirely in favor of educational content only.

Pre-Market Observations

Final Preparations Before Market Open

• As time approaches market opening (less than 60 seconds remaining), focus shifts towards observing how NASDAQ trades above buy-side levels while monitoring dollar index behavior closely since its performance can significantly affect other indices' movements post-open.

Opening Range Strategy

Initial Trading Strategies

• Emphasis on observing opening range dynamics rather than immediate trading actions; key indicators include relative equal lows cleared prior to market open which sets context for potential upward movement or bearish reversals based on subsequent price action observed during initial minutes post-open.

Analyzing Price Action and Order Blocks

Establishing Direction and Bias

• The discussion begins with the importance of respecting order blocks, emphasizing that traders should not just apply PDAs randomly but rather have a clear narrative for price direction.

• A bias must be established before trading; whether right or wrong, having a directional sense is crucial to identify potential price movements.

• Observations on hourly charts reveal down close candles and their significance in determining market direction, highlighting the need for patience in analysis.

Monitoring Market Structure

• The speaker expresses concern about taking out certain lows during premarket activity, indicating that if these levels are breached, it could signal a shift in market dynamics.

• Emphasizes the necessity of context when analyzing one-minute charts to avoid impulsive trading decisions without sufficient reasoning.

Timeframe Analysis

• Transitioning between timeframes (from one minute to five minutes) allows for better observation of price action and inefficiencies that may indicate future movements.

• The focus shifts to identifying mitigation blocks on various timeframes, particularly noting how they can support bullish trends if respected.

Key Price Levels and Thresholds

• Three critical thresholds are monitored: the body of the candle, opening prices, and small gaps which serve as indicators for potential reversals or continuations.

• The importance of observing whether bodies respect order blocks is reiterated; this helps determine if current price action aligns with bullish or bearish expectations.

Navigating Market Challenges

• Acknowledges that some trading days can be challenging due to erratic price movements; understanding where volume resides within candle bodies is essential for making informed decisions.

• Discusses how sensitive price points within order blocks can guide traders on where to expect support or resistance during volatile sessions.

Intermarket Analysis and Broader Context

Evaluating Market Conditions

• Analyzes S&P performance alongside NASDAQ and Dow indices; highlights mixed signals across markets complicating trade decisions.

• Identifies key areas in NASDAQ needing support to maintain bullish sentiment while acknowledging broader market conditions affecting trades.

Importance of Body Over Wicks

• Stresses focusing on where candle bodies open and close rather than being distracted by wicks; this provides clearer insights into market sentiment.

Adjusting Trading Strategies

• If closing prices begin breaching significant thresholds like mean thresholds from previous structures, it may necessitate a reevaluation of trading positions.

Final Thoughts on Trading Strategy

Concluding Insights

• Summarizes key takeaways from the session including monitoring PD arrays closely while remaining adaptable based on evolving market conditions.

• Encourages traders to pay themselves at strategic points while maintaining awareness of overall market structure changes throughout the day.

Preparing for Future Sessions

• Outlines plans for upcoming live streams focused on educational content rather than direct trading signals; emphasizes continuous learning as vital for improvement.