Replies to post #20761 on Wyckoff volume benchmarking / market profile bt a

[AllTheHype]

ES came back and tapped (back tested) the H & S neck line in the Sunday/Monday overnight session, and it was SOOOOO obvious to short there, and profitable short it would have been. But I don't have my ES futures options account set up yet and I am so sorry I did not, because I watched in agony as the set up presented itself, and I was not able to take advantage. It then proceeded to go down for an 8 or 9 bagger on those puts that I did not buy lol.

Here is current chart, and expecting it to tap the H & S neck line again in RTH at 4400ish is somewhat of a tall order, but who knows. ES did complete 5 waves down overnight, and this "bounce" is likely just a corrective, not impulsive one.

[jxyzobrien]

usually a retest of a low means
market inventory way too long so adjustment down 65% chance or more
90 point 1 timeframe up

a market has finished old business trapping the last shorts to the
party and heads the other way

the double H from hell (for shorts)
NEWS could not be worse market is pricing the war
so market acting the way it should

if we had stayed close to lows then new lows would come
we did not

es 4260 was completion of abcd. so violent up move confirmed we are now
doing a new abcd up

[jxyzobrien]

today was worse then it looked
no panic selling or vix zoom
orderly selling

in the old days sellers would wait till shares on the bid to buy
they would then match buys with sells so the price would not drop
too fast so they could scale out

that was happening today

so on a down trend market the worst that can happen a market does not
test a low and stops before it.

this then leads to breaking thru ice.

the vix yawned no FEAR

spy
https://schrts.co/CURDAuzD
vix
https://schrts.co/iZgSCdhH