Today's session had a balanced profile, with reversals being the main theme. We are stuck in the upper distribution from 3/2 with poor structure both above and below. Which business will be addressed first?
In technical terms, an excess requires a minimum of two TPO's to be defined. Today's low exhibits an excess of 7 ticks. Nevertheless, what's interesting is the sellers' inability to retest this low during the L-period. It remains to be seen whether this low will hold in the short term.
The levels today are on point. You’re a beast Smash
Hi Smash,
Just wanted to point out that the VIX details are not updated in substack text, but they are in the contextual analysis image.
Thanks as always for your updates, appreciate it much!!
Thank you Alpha, corrected!
Thanks for the daily update!
Theme of balance market clean poor structure
Too many poor highs left, quite a risk to short covering once your smash level kicks in.
4000 was a beast today! The next test of it should break though. Thank you as always!
As I understand it, shouldn't Excess low show a fairly long Buying tail? That's not very accurate.
In technical terms, an excess requires a minimum of two TPO's to be defined. Today's low exhibits an excess of 7 ticks. Nevertheless, what's interesting is the sellers' inability to retest this low during the L-period. It remains to be seen whether this low will hold in the short term.