Thursday May 8, 2025
“It was never my thinking that made the big money for me. It always was my sitting.”
— Jesse Livermore
After a frustrating Tuesday where price boxed between mid-5500s and mid-5600s — Wednesday promised change. It was Fed Day, and that meant potential for real movement. We came into the session anticipating a breakout from the recent structure, with two high-probability traps in focus:
A break below 5600, ideally a failed breakdown that we’ve been eyeing for days.
A break above 5724, the prior high from Friday, where any failure could signal exhaustion