Thanks smash, great detail about the Poor Lows on the 25th, I didn't have them on my chart, I expanded it to 60 days TPOa and now I see them. Have a great session and a very good weekend
Thank you. Love your stuff. Truly. Has helped tremendously. For Friday we blew thru FUT rather early would you then use vix to confirm the strength and can more comfortably chase longs on a trend day like Friday?
Appreciate it! The VIX confirming strength generally suggests that the runner has more potential above the FUT, but it doesn’t necessarily make chasing new trades favorable. If one chooses to chase, caution is warranted, as the risk-reward profile for longs isn’t ideal after the session has already covered significant ground. Of course, this is context-dependent.
On Friday, the short-covering rally was expected, creating an opportunity to initiate a potential momentum trade. The key, however, was to avoid fading the move—especially with the VIX dropping below its support—which in itself was a win if avoided.
Sessions like Friday can crush an account if one isn’t prepared ahead of time. Imagine how many inexperienced traders fought Friday’s squeeze, still weighed down by Wednesday’s and Thursday’s bearish price action—or who may have missed the downside on those days and then tried to chase more with all the negative headlines.
Best daily analysis on the Internet, period. I feel guilty getting all this hard work for free. Thanks always!
I deal with that feeling every day.
Appreciate the support!
Thanks Smash! Let's see if sellers can hold below the weekly extreme.
Thanks smash, great detail about the Poor Lows on the 25th, I didn't have them on my chart, I expanded it to 60 days TPOa and now I see them. Have a great session and a very good weekend
Thanks Smash!
when using VP do you do cash hours or OVN? january low cash hours was 22, but OVN it was like 6814 or so
My analysis is primarily based on RTH charts.
Thank you. Love your stuff. Truly. Has helped tremendously. For Friday we blew thru FUT rather early would you then use vix to confirm the strength and can more comfortably chase longs on a trend day like Friday?
Appreciate it! The VIX confirming strength generally suggests that the runner has more potential above the FUT, but it doesn’t necessarily make chasing new trades favorable. If one chooses to chase, caution is warranted, as the risk-reward profile for longs isn’t ideal after the session has already covered significant ground. Of course, this is context-dependent.
On Friday, the short-covering rally was expected, creating an opportunity to initiate a potential momentum trade. The key, however, was to avoid fading the move—especially with the VIX dropping below its support—which in itself was a win if avoided.
Sessions like Friday can crush an account if one isn’t prepared ahead of time. Imagine how many inexperienced traders fought Friday’s squeeze, still weighed down by Wednesday’s and Thursday’s bearish price action—or who may have missed the downside on those days and then tried to chase more with all the negative headlines.