Using the Ichimoku Cloud , 3 different volume profiles, GEX (gamma and dark money pools) and comparing Tick/ Arms Index profiles for the past 6 months. It appears we could be due for another PB . Yesterday, for the first time in. I couldn't find another example. The TICK.US range for the day was 40. Glitch?? Possible. Could not find another on balance day like that into 2019. Very unusual these days.
Todays market hours Arms Index was in the 1.3 region. For the last few weeks, prior to this week, there had been many days at levels considered "panic buying" (.3 / .4). Actually, these were the averages for many weeks in June and July. Always, more buyers than sellers. BTD. For reference "panic selling" is over 2.0. Generally, the reading is lower than 1. Lately though, it has been trending higher 3 of the 4 past days.1.2 - 1.4 - maybe its nothing but this hasn't happened in many weeks, for consecutive days.
ES1! - 3338.5 is previous lagging indicators high. Will find resistance there today. ATH are possible. If trend with sellers out pacing buyers, we will see PB and lower prices next week. If trend follows previous Feb/ March tick trend, and volume profiles follow current channels. Selling off will begin Friday, into next week. If panic sets in. We Could see the EW forecasters lows below 2900. Happy Trading!
Todays market hours Arms Index was in the 1.3 region. For the last few weeks, prior to this week, there had been many days at levels considered "panic buying" (.3 / .4). Actually, these were the averages for many weeks in June and July. Always, more buyers than sellers. BTD. For reference "panic selling" is over 2.0. Generally, the reading is lower than 1. Lately though, it has been trending higher 3 of the 4 past days.1.2 - 1.4 - maybe its nothing but this hasn't happened in many weeks, for consecutive days.
ES1! - 3338.5 is previous lagging indicators high. Will find resistance there today. ATH are possible. If trend with sellers out pacing buyers, we will see PB and lower prices next week. If trend follows previous Feb/ March tick trend, and volume profiles follow current channels. Selling off will begin Friday, into next week. If panic sets in. We Could see the EW forecasters lows below 2900. Happy Trading!