Steve Norman
@snormtrader.bsky.social
Trader of financial instruments and creator of programs for trading them. Trade ideas are just my own opinion and not recommendations.
www.for-exe.com
www.for-exe.com
#DOW H4: WOWC gap flip, although that was a strong upside rejection combo from supply. We have manu' & services #PMI @ bell+¼: if those numbers come out strong, we might even see an end of week new ATH (I didn't think I'd be saying that on Monday).. Alt: we look for 38% @ the Bu FVG. #PriceAction
January 23, 2026 at 6:27 AM
#DOW H4: WOWC gap flip, although that was a strong upside rejection combo from supply. We have manu' & services #PMI @ bell+¼: if those numbers come out strong, we might even see an end of week new ATH (I didn't think I'd be saying that on Monday).. Alt: we look for 38% @ the Bu FVG. #PriceAction
#DAX H1: 25k looks good from here and M15 TZ1 is just a little beyond ADR; a gap close really does look too ambitious. Just need to break the corrective channel and supply - otherwise I'll be wearing a different hat. #PMI @ LO+½ - might be worth hanging on for. #PriceAction #DayTrading
January 23, 2026 at 6:26 AM
#DAX H1: 25k looks good from here and M15 TZ1 is just a little beyond ADR; a gap close really does look too ambitious. Just need to break the corrective channel and supply - otherwise I'll be wearing a different hat. #PMI @ LO+½ - might be worth hanging on for. #PriceAction #DayTrading
#DAX D1: bit of a consolidation day, stuck between Be mo bar top and the SDF zone. Looks like we could get the Friday WOWC gap close again (although that's some 450pts away, so perhaps not today). 25k might have something to say about that, so let's see what happens there - IF the bulls continue
January 23, 2026 at 6:24 AM
#DAX D1: bit of a consolidation day, stuck between Be mo bar top and the SDF zone. Looks like we could get the Friday WOWC gap close again (although that's some 450pts away, so perhaps not today). 25k might have something to say about that, so let's see what happens there - IF the bulls continue
#NASDAQ H1: WOWC gap flipped - I did not see that coming when I hit the trading machine yday morning. A lot of hurdles jumped so M15 blue TZ1 looks like magnet No1 - that's in a great spot. #DayTrading
January 22, 2026 at 1:57 PM
#NASDAQ H1: WOWC gap flipped - I did not see that coming when I hit the trading machine yday morning. A lot of hurdles jumped so M15 blue TZ1 looks like magnet No1 - that's in a great spot. #DayTrading
#DOW H1: bulls seem to be pushing on after some green GDP/unemployment (if you can believe the stats). So ... looking for a full close of the WOWC gap and ... possibly FE127 @ supply #PriceAction
January 22, 2026 at 1:56 PM
#DOW H1: bulls seem to be pushing on after some green GDP/unemployment (if you can believe the stats). So ... looking for a full close of the WOWC gap and ... possibly FE127 @ supply #PriceAction
#DOW H4: OT defeats the tea leaves again. No doubt about it, this is TACO PA (I'll save my thoughts on who would have made a lot of money with that move). We could be back looking for 50k again but, like DAX, I'm in wait-and-see mode: how will price deal with the gap? #PriceAction #TACO
January 22, 2026 at 5:36 AM
#DOW H4: OT defeats the tea leaves again. No doubt about it, this is TACO PA (I'll save my thoughts on who would have made a lot of money with that move). We could be back looking for 50k again but, like DAX, I'm in wait-and-see mode: how will price deal with the gap? #PriceAction #TACO
#DAX H1: upside target done. MM setting up? That projects to the ATH; I struggle to believe price could, but I'll plot it anyway. What next all depends how price deals with the AOB (orange rec'): arguments for both ways. I'll be chicken for now, in wait-and-see mode but some nice up magnets there
January 22, 2026 at 5:35 AM
#DAX H1: upside target done. MM setting up? That projects to the ATH; I struggle to believe price could, but I'll plot it anyway. What next all depends how price deals with the AOB (orange rec'): arguments for both ways. I'll be chicken for now, in wait-and-see mode but some nice up magnets there
#DAX D1: TACO is back!!! It's amazing how price levels usually give us a clue and the PRZs certainly worked well for OTs blah yday. Looks like we might get a Friday gap close again. Mid-FVG with 25k just above - another PRZ but yday MF supports up, if price can flip Tuesday's open #PriceAction
January 22, 2026 at 5:33 AM
#DAX D1: TACO is back!!! It's amazing how price levels usually give us a clue and the PRZs certainly worked well for OTs blah yday. Looks like we might get a Friday gap close again. Mid-FVG with 25k just above - another PRZ but yday MF supports up, if price can flip Tuesday's open #PriceAction
#NASDAQ H1: almost did the D1 50%: with that, and the D1 reflex, this is a good place for a corrective rally. OT has just announced that he won't use force for Denmark and the markets have responded well. If rally continues. 38% is in a great spot
January 21, 2026 at 2:20 PM
#NASDAQ H1: almost did the D1 50%: with that, and the D1 reflex, this is a good place for a corrective rally. OT has just announced that he won't use force for Denmark and the markets have responded well. If rally continues. 38% is in a great spot
#NASDAQ D1: strong Be day, like the others but we have a reflex for support, at least for now. Red TZ1 /2 still looking good in the longer term
January 21, 2026 at 2:19 PM
#NASDAQ D1: strong Be day, like the others but we have a reflex for support, at least for now. Red TZ1 /2 still looking good in the longer term
#DOW H4: 62% is support in conf with the FE127 (for a GFE - we like those). The AOB at the gap is also demand continuation, so very similar to DAX on many counts. I would like to see that MM to 48k done, eventually, whilst allowing for the obligatory correction. Beware the OT #WEF cringe @ NYO
January 21, 2026 at 6:26 AM
#DAX H1: a correction would be nice and there are a couple of Fib Rs that look good to the up. Never one to argue with the MF though, so if the bears smash the orange support zone (demand continuation), D1 70% would be next. #PriceAction #DayTrading
January 21, 2026 at 6:23 AM
#DAX H1: a correction would be nice and there are a couple of Fib Rs that look good to the up. Never one to argue with the MF though, so if the bears smash the orange support zone (demand continuation), D1 70% would be next. #PriceAction #DayTrading
#DAX D1: 62% + YO gap held for support & price is stuck in the GZ. Above vacuum will need filling eventually and officially this is just a correction, albeit a monster couple of days - perhaps it's time for the markets to catch breath. WEF Annual Meetings: Lagarde and OT blah could shake things up
January 21, 2026 at 6:22 AM
#DAX D1: 62% + YO gap held for support & price is stuck in the GZ. Above vacuum will need filling eventually and officially this is just a correction, albeit a monster couple of days - perhaps it's time for the markets to catch breath. WEF Annual Meetings: Lagarde and OT blah could shake things up
#NASDAQ H1: has done ADR but looks a little more restrained than DAX & DOW, perhaps waiting for the earnings. M15 TZ1 and 50% if 25k flipped then M15 TZ2 in conf' with mid-Dec demand (unlikely today) #EarningsSeason #PriceAction
January 20, 2026 at 2:04 PM
#NASDAQ H1: has done ADR but looks a little more restrained than DAX & DOW, perhaps waiting for the earnings. M15 TZ1 and 50% if 25k flipped then M15 TZ2 in conf' with mid-Dec demand (unlikely today) #EarningsSeason #PriceAction
#NASDAQ D1: to TZ1 and possibly TZ2? Seems like the most obvious. We have big tech earning this week: Microsoft, & Apple today, then Alphabet on Friday - so we could see some interesting moves against the bearish pressure. 25k current support. #TechEarnings #NASDAQBuzz
January 20, 2026 at 2:03 PM
#NASDAQ D1: to TZ1 and possibly TZ2? Seems like the most obvious. We have big tech earning this week: Microsoft, & Apple today, then Alphabet on Friday - so we could see some interesting moves against the bearish pressure. 25k current support. #TechEarnings #NASDAQBuzz
#DOW H1: 490pts drop pre-bell - no need for me to make further comment on OTonomics. I don't think we need to worry too much about ADR limits in the aftermath of the insanity. Allowing for the Spots to correct then down to the yellow zone and ultimately the MM @ 48k
#Tariffs
#Tariffs
January 20, 2026 at 2:01 PM
seems I sold us short of the short with #DAX: 62% was the day's target, 283pts beyond the 5d ADR - bad tea leaves! No complaints from me though - was an easy morning to be short.
January 20, 2026 at 2:00 PM
seems I sold us short of the short with #DAX: 62% was the day's target, 283pts beyond the 5d ADR - bad tea leaves! No complaints from me though - was an easy morning to be short.
#DAX H1: the D1 38% is still holding, for now and we have what looks like an ending, to make way for a correction into the gap; that could just be down to the slow PA day. M15 TZ1 @ ADR B looks like the best option for today, if the ending doesn't work out
#PriceAction #DayTrading
#PriceAction #DayTrading
January 20, 2026 at 5:30 AM
#DAX H1: the D1 38% is still holding, for now and we have what looks like an ending, to make way for a correction into the gap; that could just be down to the slow PA day. M15 TZ1 @ ADR B looks like the best option for today, if the ending doesn't work out
#PriceAction #DayTrading
#PriceAction #DayTrading
#DAX D1: WOWC gap held but we probably can't read to much into that, given the US holiday. It would still seem reasonable to aim for the 50%. With OT's totally unhinged letter to the Norwegian prime minister & #tariffs on UK + Europe over #Greenland, I can't see much hope for the bulls right now.
January 20, 2026 at 5:29 AM
#DAX D1: WOWC gap held but we probably can't read to much into that, given the US holiday. It would still seem reasonable to aim for the 50%. With OT's totally unhinged letter to the Norwegian prime minister & #tariffs on UK + Europe over #Greenland, I can't see much hope for the bulls right now.
I'll skip reviews today, since NYSE is closed, but a quick look at #NASDAQ Weekly - I don't think any blah is required #PriceAction #TightlyCoiledSpringWaitingToGoBoing :)
January 19, 2026 at 1:47 PM
I'll skip reviews today, since NYSE is closed, but a quick look at #NASDAQ Weekly - I don't think any blah is required #PriceAction #TightlyCoiledSpringWaitingToGoBoing :)
Thanks for all your likes, Raj - I'm glad that you're enjoying the reviews. I've no idea how many others might read / benefit from them but your support is appreciated :)
January 19, 2026 at 7:12 AM
Thanks for all your likes, Raj - I'm glad that you're enjoying the reviews. I've no idea how many others might read / benefit from them but your support is appreciated :)
#DOW H4: looks better for the bears now and the MM to just beyond Yr Open is prime magnet, IF (big if) price can flip the SD zone back down. Again, as for DAX, re the gap question but the gap itself might suggest a completed distribution phase: we'll need to see the Be break of range to confirm.
January 19, 2026 at 7:09 AM
#DOW H4: looks better for the bears now and the MM to just beyond Yr Open is prime magnet, IF (big if) price can flip the SD zone back down. Again, as for DAX, re the gap question but the gap itself might suggest a completed distribution phase: we'll need to see the Be break of range to confirm.
#DOW Weekly: same thoughts as for DAX Weekly - big gaps down across all our indices (or 'indexes' as the American appear to prefer) Seems we'll be waiting a bit longer for our long-term 50k goal but it will ... one day. Year open price would be a good first target. MLK day today - NYSE closed.
January 19, 2026 at 7:07 AM
#DOW Weekly: same thoughts as for DAX Weekly - big gaps down across all our indices (or 'indexes' as the American appear to prefer) Seems we'll be waiting a bit longer for our long-term 50k goal but it will ... one day. Year open price would be a good first target. MLK day today - NYSE closed.