The lack of initiative sellers on Friday ultimately resulted in two-sided activity. I will continue using the 4487/4493 area to assess the short-term strength or weakness.
Very trappy sessions on Thu and Friday. What makes it really difficult is that there are so many conditioned to 'buy the dip'. To me it is really important to see the market reaction once NVDA publishes its earnings on Aug 23.
Thanks Smash. Waited all weekend for a couple of questions. From Friday, do you consider the market imbalanced at cash close or at the open since it was technically gapped down? A-Period auctioned around so I’m curious with market profile if that “invalidates” selling opportunity until further information. Thanks again Smash.
50ma tagged 👍
Thank you smash!!
Very trappy sessions on Thu and Friday. What makes it really difficult is that there are so many conditioned to 'buy the dip'. To me it is really important to see the market reaction once NVDA publishes its earnings on Aug 23.
Great thanks sir . 4487 level is ES or cash SPX . In general when you talk levels , do you talk FUTURE OR CASH
ES futures.
Thank you buddy much appreciated! Orderflow here we come.
Thanks Smash. Waited all weekend for a couple of questions. From Friday, do you consider the market imbalanced at cash close or at the open since it was technically gapped down? A-Period auctioned around so I’m curious with market profile if that “invalidates” selling opportunity until further information. Thanks again Smash.
Thanks 🙏
Do you take short at resistance and long at short at support level lower down like 50 MA. Thanks