Point of control in the volume profile = the price level with most volume in a given period of time (If I'm not mistaken and I'm being a smart-ass )
wow. huge rally. Regretting that exit yesterday!! I'll learn one day Hopefully get a little dip at some point today to get longs on That's the plan for me good luck
Only thing that matters are the Bollinger Bands. Bollinger Bands say "Up!" The market doesn't even have to ask "how high?" Bolinger Bands already answered that too. You must trust and believe in the all mighty Bollinger Bands I don't know if it is a market mover or not. I use the forex factory economic calendar and they code it as a "red" event. On the daily, I'm following along this framework (not the Bollingers). Next target higher same as I mentioned yesterday, the all time high at 5588. The upper trendline value today appears to be around 5638-40. That would be a heckuva one day move. Maybe double top at the all time high and then more trading range as the market works its way across this channel? All I know is that at the moment, ES is in "breakout mode" as it is higher than yesterday's highest price. I favor long day trades here.
It is if we deviate from expectations. This one was more or less on target, so I don't think it's going to be a major factor. Last day of the month, window dressing, short week ahead, etc. probably more important at the moment. But hey, maybe we get some pre-July 4th fireworks. I'm still in buy the dip mode, but keeping an eye on Nvidia, etc.
Every time price has tested that 5519 breakout level, there have been buyers. But every time price attempts to breakout above a previous day's high there have been sellers. Just an observation.
awful trading and entries from me. Was just a few ticks away from closing out with my max loss on the day (was overconfident and added too early) however the bulls look to have bailed me out Just holding one now and fairly green overall for now See how it plays out