Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In yesterday's range, but trading in a range so far that accounts for about 10% of yesterday's volume, and above the larger March balance area and the all-important 58 area, which was the high 3 days in a row and just below the S&P cash all-time closing high. So, while we are in yesterday's range, contextually, ES is out of balance. Not as out of balance as if we opened above 65, but still, out of balance, IMO.
After the bad ISM news today, there was a bit of a bounce at the 58 for anyone willing to take the chance, but soon after, ES traded down to the 51-58 balance VPOC of 53.50 and found buyers. The logical target for the long here was 58.50, which was traded …
I keep studying that long base of the A period, and cannot find a MP day type that supports my target with any real conviction.
It got to 62 and then back to 40... now 50. Who knows, but I am going to follow what I am studying. I printed and bound nearly 1000 pages of MP study information, sitting here on my desk. May as well go with it. No volume, did not return to my preferred low area, etc.