Replies to post #2026 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

shadow 3 (scooter)
says vix over 16 is significant, otherwise its not as significant

breadth slightly up

BT used to say a wave 4 is used to kill time,

crude buildup today says oil is bullish somewhat

but 3rd day of oil rally so buy oil pullback (scooter)

[jxyzobrien]

lower prices rejected
the market also came back into value area

market also refused to even get back below the open on pretty
bad news.

do not solely use complex or simplistic EW counts.

RTH ES 15 min RSI does look like it wants RSI 30.
since its failing at RSI 50

[jxyzobrien]

count was not easy
but 5 was in and doing ABC down. Look for fib .50.

again the subwave should have ended this morning and it did not

the spy/spx daily chart was just really weak