Feb 12 Session Profile | /ES S&P 500 E-Mini Futures
Notes:
- Point of Control (POC): Price at which there was the highest traded volume.
- Generally -- as I have learned -- this the area at which it's fairest to do business (i.e., area of value).
- Analogy -- Building a brick house.To have a strong foundation, you lay brick, lay mortar, lay another brick. When you lay bricks on top of each-other, without mortar, you don't have the strongest brick wall. This is how I look at the markets. When VPOC's stack, market is getting ahead of itself and a repair of those levels is something I'd look for.
- Point of Control (POC): Price at which there was the highest traded volume.
- Generally -- as I have learned -- this the area at which it's fairest to do business (i.e., area of value).
- Analogy -- Building a brick house.To have a strong foundation, you lay brick, lay mortar, lay another brick. When you lay bricks on top of each-other, without mortar, you don't have the strongest brick wall. This is how I look at the markets. When VPOC's stack, market is getting ahead of itself and a repair of those levels is something I'd look for.
Comment:
Date incorrect. This idea was published Feb. 2, 2020.
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