Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

a tad long in the pile
we traveled 100 es points today and late day buyers got the market
a bit a way from value and we had an excess high ending the short term
auction at EOD so pullback is expected. so looks like C completed

we zoomed to the median line and then thru it so a return to the median
line as Alan Andrews would say is expected. the median line is a magnet
and prices stay there longer then any place in the fork.

so we started the day we had a gap down and a poor low.
to confirm a poor low the market must push a way from it and it did

so like the old saying if you go to the barbershop enough times
you will get a haircut. If the market enters the value area from below
and refuses to leave for 1 hour the 80% rule says rally to value
area high and we did and further

as i posted earlier we needed confirmation
1-advance decline must try to get back to 0 finished +22 YEP
2-the NDX and Iwm must join the party and both finished green -YEP
3- put call ratio had to pull back below 1 it finished at .89 -yep
4-LDQ corporate bond buying lead the way and closed strong- Yep