Replies to post #20745 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

thanks for kind thoughts
I will post when i can

ALLhype does a good job of analysis for sure

Weekend futures es -20

thought friday short covering was just a market too short.

and this was the C wave down
choppy and will run out gas on lower volume and does not have the
juice to break the lows

completion of abcd down will come early in the week

the ukraine problem is a wild card but the market will eventually
price it in. this was just like the china trade deal where so many
times it was used to run up or down.

stockcharts is down.

[jxyzobrien]

the open
the most confusing time to trade

today the es market inventory was too long
(meaning most of ATH is long and above the previous days close)
it adjusted 41 points down
even spilling over to RTH
then we tagged up at vwap

ran to 15 min rsi 70 so welles wilder said sell

then we return to the vwap we can not hold so back to 15 min rsi 30

BUT THE IMPORTANT THINK BEARs COULD NOT BREAK LOWS

the pullback occurred with a poor high meaning we will repair
that soon

then we had an excess low which started a new auction up