Capventraders

The closing price of April and the opening price of May created a monthly volume imbalance on ES.

The jobs report delivered price back into that zone.

Institutions were waiting there with 75,000 contracts.

ES ▸ +51,373 net longs. Target: 8,142
NQ ▸ +23,620 net longs. Target: 31,509
YM ▸ +2,514 delta. Squeeze continues.

The monthly FVG upper at 7,199 was never even needed. The volume imbalance held on first test.

That is one of the highest-conviction structural signals available.

Full breakdown in today’s carousel.

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ICTTrading VolumeImbalance SmartMoneyConcepts FuturesTrading FibonacciExtension JoelPriceAction TradeSafe

Session low on $NQ 29200