Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

pick a hi and low
and put a fork in it
es
price want to return median line TILL
it zooms thru up or down
it often hangs near the median line till it gains energy to take off

[Twilson]

Must have been a glitch logged off and back on and it shows all of them.

[Twilson]

Another thing I do not like about schwab is they only show up to 20 strikes on the option chain. Not that I go past that but if you wanted to go out of the money a year from now 20 strikes is it TD would show all of them.

[Twilson]

Adjusting down now

[jxyzobrien]

topstep
this is not a short squeeze
inventory adjusting healthy

[Twilson]

Working on premium decay

[Twilson]

Low volume today

[jxyzobrien]

es nq poor high
when the market pulled back pre market
everyone knew it was going down for sure
trapped like bears

put buying 1.21 HOD
if this does not sell they are bull fuel

feels like a fed week
mon up
tues flat
weds fed min and nvda ATH


nvda fading

return to vwap time

[Twilson]

Not looking like a crash but seems to have stalled

[jxyzobrien]

p pattern
shane class saturday had group think
they are all wrong today
they are looking for crash
you know a trader is struggling when the PPT did it comes out

accumulation at vpoc
rectangle accumulation pattern

[Twilson]

Market going up,dollar going up and vix going up

[jxyzobrien]

bears
value area hi good tell and fail and dead
hold and zoom. since could not even test it
location rules
nq long up

could not get it to value area high
big tell

when leaders lead bears have been eliminated

[Twilson]

Yeah it is about in the nose bleed section, but Dow still red

[jxyzobrien]

magic 7 zooming
nvda zoom

[jxyzobrien]

topstep
nq heavy volume buying

monday up script playing out
nq to test all time high

[jxyzobrien]

market inventory still adjusting
its looking for fair price
feels like classic wave 4
so down then up done
now finishing down

has to hold va high for bulls
feels like retest of high volume then bulls should have interest in entering

[Twilson]

Right now it appears it will open slightly up.

[jxyzobrien]

spx fork

[jxyzobrien]

up monday
over 65 pct recently
when price is accepted market can leave value area
and inventory adjust probably over
path and futures below

[jxyzobrien]

scripts monday
monday is normally up day
if we gap up we could to test high and the inventory adjust is over

if we sell quickly we continue to correct too long inventory
top of the gap or bottom is destination

[uplata]

Who knows sell the news.. Street looking 90 points swinging either way..
It could be 2 things

They going to beat for sure

If beat ang guide high and splits stocks can hit 1000+ r 974 1134

If beat guide higher not stress expectations may be down s 842 760..

I am thinking to sell may 24 call 1070 buy 1120c. Depends what price on Wednesday..

[Twilson]

NVDA has been smoking hot but it could be sell the news.

[jxyzobrien]

this week
pullback until bears tire
mon often up day

2pm fed notes
wed ath nvda

th jobless
945 pmi

[jxyzobrien]

trade brigrade

[jxyzobrien]

dalton this week
i think i see the same
pullback to balance low es 5270

[jxyzobrien]

shadow weekend

[keepsinvesting]

Loook at d-k’s previous post. Join that one

[Twilson]

That would be great count me in thanks!

[d-k]

Here is link
https://discord.gg/rQnesdRy

[keepsinvesting]

I stop using charts like that dk. Patterns has its failures of course. Im gonna need an invite back into that server… thought everyone was gone from there LOL

[jxyzobrien]

still setup on discord
post anything you like. learning means change

[d-k]

That Discord "TAfbP - Technical Analysis for Better Profits" is still good. You had put a level chart at TAfbP last November. It looked like inverse H&S.

(A) I would be interested in how you determine those levels.

(B) What is the trade criteria for going long using those levels,
(1) There are 2 level lines on your chart.Trade the upper line breakout with stop below at lower line?
(2) or Test lower line and bounce thru upper?
(3) Inverse H&S breakout, the dotted line?

Do you use the levels both ways, i.e. long and short

[keepsinvesting]

Watch the QQQ or NQ. We made a discord before but its not as active. I may make another one and i can show u how to use levels… i know jerry’s methods are a combined method and theres nothing wrong with that. I used to use those methods but I’ve found a method that deals more with price (jerry’s does to but with all the extra things) refining information on a chart is very important. I will teach u what i know for free as a scape goat. There may be other ppl involved as well. Lemme know if ur interested.

It involves, understanding market structure and what the market is trying to achieve. Makes trading more simple.(still guessing but there are rules involved to limit ur losses). Also allows one to not trade at bad points. Jerry, if u read this, and if u want to join me, let me know!
I will share with anyone on this board. This is for educational purposes. This board though is pretty dead at the moment lol

[keepsinvesting]

The rsi daily hit 70 Wednesday for SPX. If we make a higher high and come back down, it may put in RSI divergence… that will cause a quick move down

[Twilson]

On the edge MACD about to cross on the daily...https://stockcharts.com/c-sc/sc?s=%24NYMO&p=D&b=5&g=0&i=t6740612537c&r=1715991546326

[keepsinvesting]

I still think this spx gap fills before seeing what to decide next. For now its all about balancing

[jxyzobrien]

no
a friend on tffn knows him he is good

[Twilson]

Is Newton one of the topstep guy's?

[jxyzobrien]

newton
Newton SPX and QQQ
$451 (-0.17%)
with mild losses with another hour to go until the close. I had discussed four reasons why Stock indices might stall out after the early week breakout move and for those interested who might not have seen, the last two reports from Wednesday and Thursday night are worth reviewing. Eight of 11 sectors are weakening in today's trading session, but a very lackluster trading day, and only Technology and Consumer Staples are lower by more than -0.50%. The outsized gains today are largely being seen by commodities, along with crypto. Energy commodities are making good progress higher, and Gold, Platinum, Copper, Nickel, Coffee, Orange Juice are all surging. As might be expected, Energy and Materials are the two sectors gaining ground, and i believe this likely continues into end of May. US Dollar index looks to have found similar trendline support as TNX did yesterday, and this slowdown in downside acceleration (and minor bounce in TNX) is one reason why Stock indices are stalling a bit. Overall a very good week for SPX at +1.45% back at new highs, but just some minor consolidation has begun which was evident yesterday into today. DXY chart enclosed showing its trendline support.

[Twilson]

Do you agree with this guy on the low volume charts and his pull back idea.

[jxyzobrien]

shane contends the economy is weak
if that was so why is the fed still doing qt not qe

turned out to be a monster option day for expiration friday

[Twilson]

What is his reasoning for a surprise rate cut? He thinks something bad is going to happen?

[jxyzobrien]

fork did its job
market profile top of spike
i did not trust the down move since it was news related
it was liquidation break
no volume

https://schrts.co/SbPNtXgH

[jxyzobrien]

shane keeps saying surprise rate cut
return to vwap then we will see
they seem intent on killing inflation
pushing away hard abcd done
https://schrts.co/ZvTMicEU

[Twilson]

A rate hike would not be good

[jxyzobrien]

perfect storm on low volume
fedspeak talking bout rate hike.
oil zooming

if we do not push away hard we will test the lows
meaning the excess will be invalidated

tariff fears too
volume bad
https://schrts.co/ZvTMicEU

[Twilson]

Bulls seem to be running out of juice

[jxyzobrien]

market profile class
top step

[jxyzobrien]

abcd nq maybe complete
we fell to weds bottom of spike
and just past fib abcd 1.0

[Twilson]

I have been in spy puts