Good morning traders, we have a few hours before Markets open, so we can analyze yesterday´s trade in the LITE market. Truth be told, I have more than 80 markets in the Short watchlist and ONLY 10 markets are ready for a nice rally. It hasn't been here for a long time. INSIDERS increased Long positions and stopped the market at the edge of the Value Area. And...
Market still clearly accepting prices higher. Profile becoming very box-y meaning that the market is indifferent at any price between the highs and lows of value. The line in the sand below is still 70, in my opinion, and you'd wouldn't be wrong staying long until that is broken. Remember, the market is accepting higher and when that happens, the more likely...
Stuck in the middle of this upper balance. It's a good thing and a bad thing for the longs. It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance. The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat. VPOC from...
After two strong down days in a row, I think the market is poised to take a breather. I am looking at the areas between 2915 and 2880 as the areas that the market will pinball in between.
In this video I explain a bit about the importance of where value is building. It's the best way to be objective about the market and remove opinions on what you think the market will do. Let the market dictate where it finds value and follow the value. I will be making some changes to the members area shortly to simplify some of these concepts for you.
Trade settling back into value CME_MINI:NQ1!