Replies to post #16644 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

what is the market really trading on??

election relief rally- biden will be declared president and the
more states he wins the less the likely hood anything changes.
all the late votes are early mail in votes which do not get counted
till the end and biden holds a huge edge.

market finished with a poor high so its not done.
no excess high. market trading in value area.
bulls were trapped at highs so market inventory had to adjust and punish them. market sold off only to 5 min rsi 30.
now early shorts are trapped.

as i posted early biden win means fang stocks rocking
so money coming out of iwm going into fang and spx

[jxyzobrien]

5 min trend continues
bears fueling rally, put call ratio way too hi .97 at close
these bears must cover
when put call ratio dies rally will die too

election rally continues and the 5 min trend continues
pullback dies at 5 min rsi 30 or at trend line

dollar now hit hard and gold and silver zoom

ndx leads spx follows and iwm lags

[jxyzobrien]

jks wow