Wyckoff volume benchmarking / market profile bt analysis board

[uplata]

No short idea before earning.

They can do whatever they want.. let settle down tomorrow. Then long or short..


Amd smci mixed

[jxyzobrien]

amzn beats
.lots of late short traders now out of sync

[Twilson]

Sold last one for 60% but sold all to soon dang what a quick dump

[Twilson]

just sold spy put for 20% gain

[jxyzobrien]

vpocs all moved down
so market is not short in the hole
but amzn can start a rally

[jxyzobrien]

amzn ah
ant guess on earnings

pullback low vol
good health news

4 hours of good sleep last nite
new apnea machine
worked all day with energy

[jxyzobrien]

what does the market
know or not know
they have info ahead of us

[Twilson]

One analyst said no rate cuts this year and may even raise again. If Powell says another .25 may be needed it is on.

[jxyzobrien]

tics collapsing
bears trying to break lows

[jxyzobrien]

dalton
market begins to price in new data often before the event
fed is really stuck
until they enact new QE

fed notes are leaking

[Twilson]

What does the price of pot have to do with the market?

[Beerworld]

Pot is higher :) Lowering from Schedule 1

[Twilson]

Had me a little confused...lol

[jxyzobrien]

shane
nq 15 min 1 time framing LONGS in charge

now studying vwap bands hi lo
sds had hard wave 2 down
could not break low
wave 3 hello

meant eco conditions are like covid
the fed will step in behind the scenes its an election year

[Twilson]

The Augusta metro nurses I help at times say covid is not that bad anymore.

[jxyzobrien]

shane thinks
its covid
charts say correction
he was too early
the fed rallying on fed juice ended months ago


use what tools you have

shanes south florida classes are too maga right now

[Twilson]

Sounds like you have pulled your bear suit out maybe Shane was right .

[jxyzobrien]

its easier to read then
a down chart and the brain sees it better
red means sell death oh no mr bill

sds daily bounced off 20da ma
https://schrts.co/vNhPSBJn

[Twilson]

Thanks what makes it better than the spx or spy chart?

[jxyzobrien]

the old saying
do not wait till you have to sell it. sell before then

different market so trade like a bear
not a bull

i do not like the fact no assets are rallying
usuallly market down gold up
bitcoin and gold often inverse bitcoin selling hard

[jxyzobrien]

use sds
to help with market direction

https://stockcharts.com/h-sc/ui?s=SDS&p=10&yr=0&mn=0&dy=4&id=p68587847220&a=578563804

[Twilson]

About 3 weeks ago I moved my 401k from the 500 index fund to ultra short stable value glad I did.

[Twilson]

Trying to bounce now

[jxyzobrien]

holding it up
is eom window dressing
it should be dumping and its staying up

[Twilson]

The EOM window dressing did not happen.

[jxyzobrien]

inventory adjusts
EOM and the fed maybe holding the market up
which tries to hold thru eom normally
when it falls get short and stay short

today futures lower adjust back to pre highs
then back to selling

now if late day sellers dump hard
inventory may be too short

[Twilson]

Spy has broken the daily MA 20 and 50 could be headed to MA 200 465.90?

[jxyzobrien]

absolutely no way to know that
sure looks like a death cross
normal bullish technical analysis not working right

https://schrts.co/McWEECQX



the market rallies into the previous days rejects those prices and sells
selling


but any rally should be sold
tnx dollar rising
all assets falling lots of selling ahead

assets are being priced lower due to higher rates and slowing economy

[Twilson]

Think it is inventory adjust to run it hard after fed day?

[jxyzobrien]

trader nick gold fumble
all assets continue to sell
gold too

[Twilson]

Gold?

[jxyzobrien]

chopping
they are saying lots of longer term sell signals

[Twilson]

are topstep traders doing good?

[Twilson]

Stopped with 15% loss

[jxyzobrien]

bearish but choppy
lots of bad stuff on topstep
buyers boycott

[jxyzobrien]

back to 1 min timeframe
nq failing at vwap
xlk nvda fading

if msft can rally and it has dumped and shows no signs of bounce rally time
should go to pre lows

some eco 1030am non event

[Twilson]

Well I am in QQQ calls right now

[jxyzobrien]

sit on hands day
2nd day of chop and i assume with no volume

gold silver trying to bottom

[jxyzobrien]

weakness
inflation news pre market
945 10am eco
amzn amd after hours

[jxyzobrien]

market not showing interest in fed wednesday
if there was no event i would say short short short

no buyers at highs after 4 of 6 days up
shows buyers are exhausted

that said excess low at 3pm so sellers dried up big time

up auction not over
https://schrts.co/qpXnFiJF

[Beerworld]

Volume was brutal, Has increased from before the break but the sell was heavier

[jxyzobrien]

liquidation break reversed fast
heaviest volume of the day down

[jxyzobrien]

at highs
with no volume at all
least in weeks and poor candle quality
is very troublesome
normally a good short

https://schrts.co/CfvaxukZ

[keepsinvesting]

When i say bounce, i mean in terms of the bounce days ago

[keepsinvesting]

Im not ina good spot to post a chart… i could give a reasoning, but right now its trapped between supply and demand, where it bounced was not surprising

[jxyzobrien]

dalton
market is very confused

[Twilson]

I tried one small qqq call trade and lost 15% so been sitting out of this chop appears tsla calls would have worked.

[jxyzobrien]

market often reacts
all trades are weak so 1 min timeframe
that said options NOT GOOD no energy

before the news unless its really confused

since there are no sellers and the trend is up
bulls leading and that can change

monday is often up day
trin high but put call low so no signal

https://schrts.co/eGdjCrjT

[jxyzobrien]

market is just balancing with no direction
which means its waiting for info to move
so low volume go nowhere

we are at the top of the balance area
yellow dotted line

if the market likes the news
which i have no way to know
it will break out of the balance area
if news is not well received it will attempt to go to the bottom of the balance area

[jxyzobrien]

this week
there will be clues but basically go with what he has already said
so go with the normal script which is playing out
till things change
fed and various earnings
silver gold tnx dollar are in focus

tues
945 pmi
10am confidence
amzn after
weds
815 adp
945 pmi
10 ism jolts fed 230
th
830 nfp
aapl after
frir
945 10 pmi