Volume Profile set up on SPY 5 min

388 5 1
13:45 YOu can see a POC forming around 182. 64. But also you can see that there are more shorts than longs, and also there is a larger POC up above from yesterday around 184.07.

It is quite possible that the new shorts are going to get trapped if/when the market corrects back vfrom here to the Magenta VWAP around 182.7 just below Ichimoku Cloud , but then if the new POC doesn't hold, could see a strong run back up to old 184.07 level to fill that gap. This is also a clear setup in 30 min timeframe and I left comment on that.

So the idea is to buy NOW and more lower in expectation of AT LEAST a pullback to current VWAP and POC around 182.64. It is almost impossible that such a pullback won't happen today-tomorrow unless there is some sort of earth-shaking development of course.
17:01: within one minute of official market close, post-market SPY spikes to upper POC mentioned in opening post to 184.07 level. Amazing! I highly recommend those PRO premium volume tools. You can see things with them that you cannot see with price action bars alone.
Appreciate your analysis. Very good call and on the money !!!
15:35 Mkt went through now lower VWAP and hit the POC white line as published above at 192.6 level. Good call!!
14:05 - first Heikin Ashi turns up on 5 min, buy signal with initial tgt at VWAP around 182.64 (magenta dots)
THis is supposed to be a LONG comment.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out