Replies to post #20880 on Wyckoff volume benchmarking / market profile bt a

[AllTheHype]

ES and SPX both finished Friday at resistance, setting up potential jump over today, which obviously did not happen.

ES did find overnight support on back test of down channel. But both are mired in an "open" area.

It is possible that shorter term charts today, 1, 3, 5 min, will develop a tradable scenario. But for me, just wait out the open and early going and see what forms.

This "could be" the ATH down, RTH buy scenario, but not betting on it.

ES:



SPX:

[jxyzobrien]

The H from Hell for shorts
selling was way overdone


that first bottoming tail has such heavy volume it can not be breached
that day and it formed and an H

spx is following the dax which double gaped

holding the vwap for hours

ATH sells RTH buys probably continues

pulled to near fib .5 so wave 2 s/b complete.