I don’t really see a need to over think these next two days. Speed is down and the goal heading into tomorrow is for market makers to defecate on as many directional bets as it possibly can.
With that in mind, let me reissue my volume profile chart, zoomed for effect, and also to properly identify where this market is likely to spend the most amount of time heading into the weekend. Check it out:
As a citizen, it is your duty to report anyone getting excited (bull or bear) when we press the extremes. We will then issue them an empty bag, to hold, while an audience of onlookers throws stones and fruit at them.
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Doesn’t look like NQ is paying any attention to your volume profile. The Fly has it right – this market is going straight up.
the pin is coming loose, agreed, this could get real colorful, but I am still tempered until I see more strength
PTI Raul, does speed in your system equate to volatility? or is there another variable? thanks
No offense but yours was the worst market call I’ve come across in ages. This equities rally into the was one of the strongest equity rallies we’ve seen.