Most accounts using Volume Profile have no idea how to actually use it
So I spent the last two weeks writing a 14,000 word paper to prove it
You will never look at Volume Profile the same: https://t.co/6ITLBnPYZJ
We have broken back below $ES_F 7700 overnight with broad weakness in tech.
Can't be bullish while below this level which means low 7600s in play today.
What's your bias going into today?
Bounce or Round 2 of selling
We have broken back below $ES_F 7700 overnight with broad weakness in tech.
Can't be bullish while below this level which means low 7600s in play today.
What's your bias going into today?
Bounce or Round 2 of selling
Not a good start at all for earnings
$TSLA is down 4–5% premarket after cutting its spending plan
$META was up about 7% after hours but has turned red
Will this be the trend for earnings season?
Strong reversal far off from target with price now back into the upper value area
Need to be bullish above the 7780 VAL
This market wants to go higher and earnings is going to guide the S&P to new ATH
Plenty of shorts to squeeze to break the 8,000 milestone
Session low was provided before the open
Target was achieved with continuation for a total of +85 handles on 1 MAE
Volume profile strikes again 🏆 $ES $SPY $SPX
Fakeout rally at the open which attempted to keep price in the upper value area. Didn’t take long for the market to rollover below the LVN. Since then it’s been a bloodbath with price currently below the key 7710 target.
Not a good sign heading into next week. More selling is coming.
200 handle reversal from our resistance 🤯
7780s target achieved for +60 handles
We gave you session high with the target now the current low
Very simple Volume Profile setup:
Map out the Value Area: VAL / POC / VAH
Where is price? Below POC
Is this bullish or bearish? Bearish (short-term)
What is Resistance? POC (7839)
What is Support? VAL (7780)
Will todays volatility likely meet this Support? Yes
Is there a catalyst to support this move? Yes, inflation data
If a move to either the VAH or VAL is above volatility threshold then look for a HVN to use as target. In this case we would look for a HVN between the POC and VAL.
After inflation ticked higher, price sold right through the POC around 7839. Just can't be bullish while below this level.
Expecting sharper move lower to test buyers at the VAL (7780s) $ES $SPY $SPX
After inflation ticked higher, price sold right through the POC around 7839. Just can't be bullish while below this level.
Expecting sharper move lower to test buyers at the VAL (7780s) $ES $SPY $SPX
60 handles of downside and 40 handles of upside provided before open
100 handles in a single session
On top of all this, what level marked the exact top?
Our 7899 VAH marked weeks ago
Volume Profile strikes again 🏆
60 handles of downside and 40 handles of upside provided before open
100 handles in a single session
On top of all this, what level marked the exact top?
Our 7899 VAH marked weeks ago
Volume Profile strikes again 🏆
All I can say is I hope I saved many of you from buying this week. On top of this, I hope you used the levels to maybe make some money too. Very simple volume profile setup all week.
Waterfall sell down to 7837 which has set the low as of right now
I think we continue lower to 7780s before a real bounce
Warned not to chase the rally