Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Last day of the month and quarter and ironically not much to talk about as money managers indulge in their customary window dressing which should move some sectors up favorably and the other poorly. We also has the OPEC+ meeting tomorrow which should either curtail rising Crude Oil prices or drop them in the event … Continue reading “Last day of month and quarter – market profile reading”
Read MoreBuyers outnumbered sellers in the overnight price action and into the ON low [4271.75] as of 7:45 am this morning. Participation reverses with sellers jumping in on moves above 4280 which tells me it is going to be another range bound day today and the only way there is going to be some range expansion … Continue reading “Premarket summary of the broad markets”
Read MoreThe overnight price action from the Sunday futures open at 6 pm, managed to pull only a net of 43 contracts at the 4268.50 price point which were all buys. Since then, the volume has been skewed to the buy side when at or below 4272 and sellers crowding the deck above. I am not … Continue reading “Emini S&P futures premarket report”
Read MoreIn the overnight price action, at almost each TPO, sellers appear to be out numbering buyers from the move which commenced of the 6 pm open yesterday. Only the ON low prints between about 4253 and 4256 generated more buying volume compared to the selling from a view of the TPO chart. Oddly enough, the … Continue reading “Premarket summary for the Emini S&P”
Read MoreIronically, the dead cat bounce some analysts were talking about on here about the broad market in fact, in our opinion applies more to cryptos as bitcoin futures see a resurrection in price indicative of having perhaps found an interim bottom. We will have to see. Meanwhile, in this early posting of the market profile … Continue reading “Analyzing overnight price action”
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