Replies to post #12989 on Wyckoff volume benchmarking / market profile bt a

[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

[jxyzobrien]

long in pile
market obeyed the fork trading in value again

auction ended at 330am with a poor high
nq back value area hi

nq

[jxyzobrien]

trader71
trump tweets china hate and the market does not like it and
has fallen further. He says he will not even talk to them
THis is part of the china did it his emotional base likes hate
and emotion

first- no one has it
2nd - china and democratic hoax
3rd- lying by saying US leads in testing

nq the weakest on china chip ban
normally its the RTY

bulls trapped last night
bears trapped this morning