Replies to post #11018 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

just EOD
shorts protecting their gains and not becoming short in the hole
when the market is too far from value

at the beginning of the day after a market gaps down inventory
often has to adjust up first continue its true path down

same thing end of day that inventory adjusting because it was too short
too far from value

just a balancing inside day. we will probably gap down sunday

the yellow arrows on the chart indicate excess highs and lows
where the short term auction reverses direction. after multiple
candles you get an excess high or low. That candle can be negated
by another candle


a normal bull market would have filled the spy gap to 2550
willam oneill does not even trade bear markets for the most part