Yesterday's session concluded with a close above the composite value area, and we witnessed immediate upside continuation today, reaching the 3-week balance high of 4083. This is my short-term level of interest.
Today's comments are a "light bulb" moment for me (I am a new and developing trader). I have heard and read various comments about identifying trend vs balance (directional vs chop) days, and they make sense. But your highlighted quote just hit me right, at the right time (in the midst of an upward directional few days). I think I can now define what "smash" means. :)
It's not enough to be able to identify them, you have to internalize how to adapt and trade them. Your hard work, and willingness to share it, is a true gift. Thank you.
Rising like this on no volume is a bullish signal, but we are at EOM and they may be preparing some nasty downside move once the flows have been captured next week
Traders often express their concerns about rallies that occur on low volume, which is a common occurrence. When volume actually starts to show up, it's usually time to pay attention for reversals. Definitely, plenty of poor structure below will eventually will get filled.
Thank you! I track the VIX on Tradingview. TradingView has no real-time data for “CBOE:VIX”, but you can use the ticker “TVC:VIX” instead. That data is provided by TradingView, it's free and updates in real-time. SME highs/lows are part of my concepts, which I have been sharing lately with my daily plans to make navigation easier for traders.
VIX levels, calculated to the nearest decimal point. Is this derived from the mathematical formula of ES and VIX or is it an entirely subjective level?
Today's comments are a "light bulb" moment for me (I am a new and developing trader). I have heard and read various comments about identifying trend vs balance (directional vs chop) days, and they make sense. But your highlighted quote just hit me right, at the right time (in the midst of an upward directional few days). I think I can now define what "smash" means. :)
It's not enough to be able to identify them, you have to internalize how to adapt and trade them. Your hard work, and willingness to share it, is a true gift. Thank you.
Smash, your work is impeccable! Thank you as always!
thanks Smash, as always chartbook is crisp and charts are 🔥🔥🔥
Thank you Max!
Rising like this on no volume is a bullish signal, but we are at EOM and they may be preparing some nasty downside move once the flows have been captured next week
Traders often express their concerns about rallies that occur on low volume, which is a common occurrence. When volume actually starts to show up, it's usually time to pay attention for reversals. Definitely, plenty of poor structure below will eventually will get filled.
Thank you for the consistent fantastic work Smash
Quick question if you don't mind. Is your VIX data/chart coming from Sierra? and what does SME high mean? Cheers
Thank you! I track the VIX on Tradingview. TradingView has no real-time data for “CBOE:VIX”, but you can use the ticker “TVC:VIX” instead. That data is provided by TradingView, it's free and updates in real-time. SME highs/lows are part of my concepts, which I have been sharing lately with my daily plans to make navigation easier for traders.
VIX levels, calculated to the nearest decimal point. Is this derived from the mathematical formula of ES and VIX or is it an entirely subjective level?
I've spent a fair amount of time Googling and haven't found any leads.
Thank you always. Order flow means option flows?
Smash is referring to the DOM or tape reading which is a popular method for trading futures. Not referring to options flow in this case.
Lots of opportunities despite a relatively small range.