Replies to post #27195 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

fridays late action
shadow1
1/27/2023, 04:03 PM[Peter Reznicek]: Generally when we see selling like this late in the day, it's daytraders of futures who cannot hold overnight. The OTF (other time frame) which is more institutional would not act this way late in the session.
That being said, I am as surprised as you at how deep it fell. We took out the 15min RTH Only 20sma and the VWAP as well. The developing POC is at 4084 currently which is below developing halfback.
Could be people getting ahead of the 4100 resistance into the weekend. Don't know. No change to current positions.