So far, we've seen Long Liquidation this entire week with technical bounces in oversold areas or areas of prior support. Now we're heading into some old areas of support here (remember 09' Thanksgiving, Dubai, etc). Obviously, the current trend is pointing down and the S&Ps continue to sell off overnight, but that could set up the stage for Responsive Buyers to come in tomorrow morning. Trade in direction of momentum, and use the Key Levels not only to initiate trades, but for targets as well. Use the increase in volatility to reach extended targets.
ES - Daily Chart with Volume Profile and Key Levels
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3 comments:
Hi e-mini i have been having problems trying to adentify the key levels, i Use the daily and 60 min chart...But you are having some levels that i am not able to find for example in you volume chart here
How did you find the levels
1042-1045
1059.5-1062.5
I can only get the 1067 form a low in a daily chart back in nov 27, near thanksgiving...
Let me know Please since this is essential for trading
Thanks and i hope you have some time to help me out
As always, thanks a lot my friend
daniel
Daniel, those Levels were from the 240-minute chart, as well as Weekly/Monthly
Thanks e-mini, another question why did you anticipated that we will have a range bound market this morning february 1...we are having it really !!!
thanks
daniel
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