$SPX - Chart Link- obviously price blew through
that 4020 resistance on a gap I discussed. This chart has the
Volume by price on the left, as I stated once that 4020 was cleared
you have a big air pocket (area of little resistance). notice how
small that volume bar is. You really don't have any resistance
until 4060 and quite honestly that's small, the big area is up
around 4100 - 4115.
yep very useful, happy that you guys pay attention and
incorporate these tools into your arsenal.
now on the market this is resistance right in here at that
channel. If price were to strongly bust through it, then there's an
air pocket up to the 4100 area
SPX 60 min chart - price has been pausing at this resistance
area (downtrend line and 4060). If price can bust through here,
there's a thin zone area of little resistance up to that 4100 -
4120 area (and price by volume also supports this)
SPX market comments
Posted by matt on 9th of Sep 2022 at 09:54 am
$SPX - Chart Link- obviously price blew through that 4020 resistance on a gap I discussed. This chart has the Volume by price on the left, as I stated once that 4020 was cleared you have a big air pocket (area of little resistance). notice how small that volume bar is. You really don't have any resistance until 4060 and quite honestly that's small, the big area is up around 4100 - 4115.
$SPX - Chart Link-
Was just thinking of your
Posted by anjali25 on 9th of Sep 2022 at 10:13 am
Was just thinking of your volume profile chart Matt - this has become such an important tool in my arsenal !!
thank you for all that you and Steve do everyday !!
yep very useful, happy that
Posted by matt on 9th of Sep 2022 at 10:19 am
yep very useful, happy that you guys pay attention and incorporate these tools into your arsenal.
now on the market this is resistance right in here at that channel. If price were to strongly bust through it, then there's an air pocket up to the 4100 area
SPX 60 min chart -
Posted by matt on 9th of Sep 2022 at 11:43 am
SPX 60 min chart - price has been pausing at this resistance area (downtrend line and 4060). If price can bust through here, there's a thin zone area of little resistance up to that 4100 - 4120 area (and price by volume also supports this)
Holding my last 2 longs
Posted by fredsaid on 9th of Sep 2022 at 11:56 am
Holding my last 2 longs for 4120. Squeeze...
Short SPY 406 calls expiring
Posted by DigiNomad on 9th of Sep 2022 at 12:27 pm
Short SPY 406 calls expiring today. Talk about getting squeezed. I almost rolled out but held my ground. Looking good now.
Thank you so so much
Posted by anjali25 on 9th of Sep 2022 at 10:30 am
Thank you so so much Matt !! Do you also see these useful on other timeframes like 10 min or 60 min ?
I believe QQQ also reaching it similar channel - pls can you confirm