Replies to post #12969 on Wyckoff volume benchmarking / market profile bt a

[Nirvana]

Indeed strange action today ... Usually NDX is the first to close the gap but showing weakness today. Only the DOW closed the gap.

[jxyzobrien]

adv dec refused to go lower today
as i posted last night this was a beginning sign of a bounce

it bottomed at 10am so did the market
its still moving up

since we are in value area as well and entered from below
now its a buy the pullback market

the longer we stay in the value area the more bullish
and prices being accepted to then go higher

that said lose the value area and advdec will fall too
and back to shorts

[jxyzobrien]

this was just a wave 4
spx daily bollinger band stopped it
we must however not break the lows

so wave 4 s/b done
this means run to spx 3000

http://schrts.co/TCQRfPJn

lqd had to hold the 20da ma and it did

keep


the es lost the value area came back back in retested the value
area low held and zoom
this is all software doing these moves
its too mechanical and predictive

http://schrts.co/BtzwNDti

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