Once again, the morning weakness did not lead to a continuation to the downside, allowing the buyers to hold onto their short-term control. The primary objective for sellers is to break the pattern of higher lows.
Thanks Smash. A-Period excess on ES and NQ today. First alignment like that in a while. 4/4 B-Period excess still holding on NQ as well. I’m amazed NQ hasn’t been pushing like ES. Fun times ahead.
On the market depth chart, sometimes price reverse even before it hits that level (resting bids or offers). How do you interpret that ? How can we say if that reversal is true or fake ?
Hello what do you look for to spit exhaustion or absorption. Thanks for the input
The longest stalemate I can remember. It seems both parts (buyers and sellers) are waiting for the other to be exhausted before breaking up or down
Thank you. Great info as always.
Thanks Smash. A-Period excess on ES and NQ today. First alignment like that in a while. 4/4 B-Period excess still holding on NQ as well. I’m amazed NQ hasn’t been pushing like ES. Fun times ahead.
Is there any significance to the closing rally?
On the market depth chart, sometimes price reverse even before it hits that level (resting bids or offers). How do you interpret that ? How can we say if that reversal is true or fake ?
any thoughts on vixperation tonight?
How do you determine the Vix levels, always a mystery like the weekly high and low is. Please share some light on both of this.