1. << It’s considered unfinished business because a well-auctioned high is typically formed during regular trading hours, meaning the expectation is that an overnight ATH is cleaned up before completing an upward auction.>>
2. << Friday formed an inside day, which was unsurprising given Thursday’s notable large range.>>
3. << The conditions are tricky at the moment because the auction lacks directional conviction. The YTD profile has formed a P-shape, with the auction situated right in the main distribution. This is a bullish imbalance until proven otherwise, but the million-dollar question is whether we will see an immediate clean-up of the unfinished business at the all-time highs, or if a larger liquidation break is needed first to attract stronger buyers while simultaneously flushing weaker-handed traders. As always, there is no need to guess any scenario—navigate day by day and let the market behavior around our key levels tell the story.>>
Hola, Smashelito. The entire newsletter is filled with valuable information and guidelines.
I picked out three phrases to say that:
a) The first two explain to a new reader the reasoning behind the terminology of Market Profile Theory.
b) The third phrase/paragraph is on the level of a trading‑desk manager giving traders guidance on how to approach the market during the session. David Cervantes/pinebrookcap.com, does the same with his macroeconomic analysis and his positioning in and out of assets.
Muchas gracias por todo lo que haces de manera desinteresada. Feliz domingo!
1. << It’s considered unfinished business because a well-auctioned high is typically formed during regular trading hours, meaning the expectation is that an overnight ATH is cleaned up before completing an upward auction.>>
2. << Friday formed an inside day, which was unsurprising given Thursday’s notable large range.>>
3. << The conditions are tricky at the moment because the auction lacks directional conviction. The YTD profile has formed a P-shape, with the auction situated right in the main distribution. This is a bullish imbalance until proven otherwise, but the million-dollar question is whether we will see an immediate clean-up of the unfinished business at the all-time highs, or if a larger liquidation break is needed first to attract stronger buyers while simultaneously flushing weaker-handed traders. As always, there is no need to guess any scenario—navigate day by day and let the market behavior around our key levels tell the story.>>
Hola, Smashelito. The entire newsletter is filled with valuable information and guidelines.
I picked out three phrases to say that:
a) The first two explain to a new reader the reasoning behind the terminology of Market Profile Theory.
b) The third phrase/paragraph is on the level of a trading‑desk manager giving traders guidance on how to approach the market during the session. David Cervantes/pinebrookcap.com, does the same with his macroeconomic analysis and his positioning in and out of assets.
Muchas gracias por todo lo que haces de manera desinteresada. Feliz domingo!
Thank you. Have a nice weekend !!!
Thanks Smash!
Thanks Smash!
Thanks Smash for sharing your analysis and especially for sharing your own models in the newsletter
Thanks Smash. The Treasury QRA is at 3pm Monday too fyi
🤝
Thank you Smash!