13 Comments

Brutal day. I thought 3960 HVN would provide support for a reversal. I unfortunately tried to catch that falling knife and got hurt. Luckily, I did manage a recovery by end of the day. Smash, can you please explain somewhere what the color coding means in your levels at bottom left? What do those red targets identify? ONL keeps making new lows below the chart. Thanks as always

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The yellow levels are intraday targets and the red levels are the Weekly Extremes from the Weekly Outlook, which is a potential target area if we have another directional trend day down.

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Thank you. I had just reread your weekly outlook post and chart. Seems we are at risk of taking on that unfilled gap below.

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Yes, needs to break and hold below 3875.

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that unfilled gap is at 3865 on ESH23

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I don't back-adjust my chart so I keep the gap from ESZ22, but it should be 3857.75 on the ESH23.

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I understand my confusion now. ES continuous on ToS doesn’t correlate with Z or H on older price levels. Thanks for the feedback

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Never mind. Figured it out!

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Smash,

GREAT day! - your levels are magical!

The best things I have learned so far are... 1) the acceptance/rejection and 2) the OTFu/d and of course,,,, The tidbits that you have been dropping based on your experience. (I have been peeping them like a HAWK!) - priceless.

Please forgive me.. I do have a few questions

1_ how is balance, balance high and balance low determined? (I THINK i know how to calculate this - I am just not sure do i call it a 3 day balance or a 4 day balance - as we find the balance AFTER the OTFU/D ends)- just need some clarification I guess

2) what is "FS" VWAP? I am familar with VWAP - but I dont know what FS means

and

3) is is a b shaped profile if the bottom is a "V"?

As always thank you for your time and expertise.

Thank you seems so small to say for all that you do - I will have to find some other words.......

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Question on VIX 22.2 level, would like to know how this level was derived and it's significance.

Thank you.

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Yep me too. Same question

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Hi there. How can I determine or at least get some clues about the type of day: directional vs range bound. Usually I get my worst days in directional days when I try to fade the trend. Thanks!

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