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.
It's fascinating to see market act in such mechanical smashing way. Major participants agreed upon look above and fail in the morning, every rip got sold and ultimately reached gap fill. Sellers took a mouthful then went away result a straight beeline reversal expressing bullish sentiments.
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
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!
It's fascinating to see market act in such mechanical smashing way. Major participants agreed upon look above and fail in the morning, every rip got sold and ultimately reached gap fill. Sellers took a mouthful then went away result a straight beeline reversal expressing bullish sentiments.
thanks Smash, as always chartbook is crisp and charts are 🔥🔥🔥
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
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
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?
Thank you always. Order flow means option flows?