5 Comments
Mar 28, 2023Liked by Smashelito

Thank you! VIX was surgical!

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Mar 28, 2023Liked by Smashelito

"Carry forward today's poor low. No interest to clean it up indicates that stronger sellers are higher."

The above sentence doesn't make sense to me. The pool low is where the poor sellers are crowded. Is this because stronger sellers want to react from higher positional energy?

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author

The poor low should be an easy reference to take out. Failure to take it out indicates weak sellers, leading to higher prices. The higher (better) prices will potentially attract stronger sellers to enter the market. The current state of the sellers is uncertain given last week's inability to clean up the poor structure from 3/16, despite the weakness.

"Sometimes the market has to rally before it can break."

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If stronger sellers are at higher levels the sell at those levels and not around the lower levels to have enough momentum to take the poor lo

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Mar 28, 2023Liked by Smashelito

Thank you for everything. That’s a beautiful footprint chart πŸ™ŒπŸ»πŸ™ŒπŸ»

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