What I am about to tell you may come as a shock, given the in-general catatonic state most of you are in after the long weekend–today was EXTREME! Here are 3 reasons today was extreme:
S&P 500 daily print:
NASDAQ 100 daily print:
Dow Jones Industrial daily print:
The only index that did not print a neutral extreme was the Russell 2000 aka it printed an EXTREME RISK DIVERGENCE.
I swear none of yous care about subtle cues and making money. But, nevertheless, I continually highlight the subtle nuances that help me make money. At least it beats it into my muscle memory. As for yours, well, it’s your to develop.
Today was extreme because we had neutral extreme prints nearly across the board. We also opened way out of balance, but that is a discussion for another day.
Neutral extreme prints carry the third highest amount of directional conviction behind trend days and double distribution trend days. This is one of the basic tenants of auction theory. That is why the sent me, I am the expert in auction theory. You can be too if you just practice for a few years–it’s not brain surgery.
People always short the first rip too soon, and there were some big sellers working the tape this afternoon. We worked them over inside Snapchat while you lethargically digested your lunch (Snapchat ID: VCali). What I am saying is the market found sellers and perhaps they are a bit early to the party. After all, it’s only Tuesday.
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Nice sales job, and I am sure you are every bit the expert you claim. However, my first look at this snapchat you are touting indicates that it doesn’t run on a laptop. Only a phone.
I just like how in depth I can get with Snapchat. Yes pb, it only runs on phone as far as I know….
Great stuff. Thanks for sharing your analysis consistently. Question on the /TF. When you say extreme risk divergence, is that because it immediately range extended out of IB and never looked back all day. Was looking for the term as defined in auction theory in a quick search on the google but did not see it defined.
thanks!