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Applying a short-term "value re-entry" mindset to the yearly ES chart.
The P-shape at the Yearly +2 SD (~7118) is the main concern here. Usually, that structure suggests the move was driven by short covering (forced buying) rather than by initiative buyers. If those buyers don't show up to build a "D-shape" balance at these highs, the auction is likely exhausted.
The Macro Setup:
The "Grid Box": Treating the ±1 SD bands (~6675 to ~5713) as the 2025 Value Area.
The Trigger: A close back inside that box (below 6675). This effectively triggers the "80% Rule" logic on a macro scale—a high-probability rotation back through the mean.
The Magnet: PYVWAP (~6200).
If the P-shape fails and we're accepted back into last year's range, the pull toward that 6200 level becomes the primary trade for the next quarter.
Curious if anyone else is seeing this P-shape as a trap or if you think we’re just building a higher base here? 🤔🤔

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