The daily is one-time framing down following today’s break of the 4-day balance. Tuesday's (8/29) breakout structure filled in the process. Using 4473 to gauge the short-term strength/weakness.
What's interesting is that 4469 was the upside breakout point equivalent spx 4460 and today there was a battle at ES 4465 which is todays SPX 4460. Seller spent thousands lot breaking it, won a brief moment then still lost it.
Hey Smash, Quick question concerning your Weekly and Monthly profile charts. Do you include evening session or just want to see RTH session? I noticed you have your Monthly and weekly (VWAP, VPOC, VAH, VAL) overlay study on the Ref RTH chart. Thank you
Yesterday's selloff was mostly technology stocks driven, which obviously impacted the index. I am still of the idea that we are not going to see meaningful selling before the ARM IPO, so my interpretation of yesterday is a liquidation
What's interesting is that 4469 was the upside breakout point equivalent spx 4460 and today there was a battle at ES 4465 which is todays SPX 4460. Seller spent thousands lot breaking it, won a brief moment then still lost it.
thanks very much. I appreciate all you do.
Cleaning up F triple distribution was such a letdown. The first true gap down sell off since 8/2 and it fizzles at showtime. Thanks @Smash.
Thank you, buddy; as always, great analysis.
Hey Smash, Quick question concerning your Weekly and Monthly profile charts. Do you include evening session or just want to see RTH session? I noticed you have your Monthly and weekly (VWAP, VPOC, VAH, VAL) overlay study on the Ref RTH chart. Thank you
Hey, I'm only using the RTH session for the Weekly and Monthly profiles.
Yesterday's selloff was mostly technology stocks driven, which obviously impacted the index. I am still of the idea that we are not going to see meaningful selling before the ARM IPO, so my interpretation of yesterday is a liquidation