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originally i was only pointing out that he need to start with the big pic and move to the small and replace his bias with structure,he also mentioned mp,sorry if i got a little carried away,after awhile it's a very simple way to look at the market with only a few markers,you can expand this...

short term we made it back to the 1700 area nip today,it looks like we will make it to the 94 95 cleave tonight

again i agree,but i think it can also be looked at as building blocks and gives a great binocular view of the landscape below on the retrace,they work out a bell curve,extend work out another bell curve,extend usually 3,sometimes as many as 4 and retrace,there are many smaller bell curves...

i agree and in theory it should apply but in reality they work like a charm,most major tops and bottoms don't actually stop on a dime,not being flippant,they are just areas where the large players positions and their reactions are exposed,one of the few times during the fact instead of after you...

the other 2 terms are ledge and cleave , at the top of this chart you can see where it has made the same top several times that repeated top forms a ledge ,works the same way at a repeated low, and last a cleave,have no idea why these work so well, but if we have broken a nip on the way down...

you can use 3 points in market profile , i believe you mentioned it so assuming you are familiar with it, i use 3 areas and discard the rest of the science ,and just watch how it reacts at each,again having a framework,that changes in each timeframe as it reduces and becomes magnified,the nip is...

reduced again there is another supp at 2885 in red circle

reduced that gives us a break of 3104 to 3140 now res,see what the institutions do here,and that broken 3104 as support short term,you just keep breaking it down,so far we have 1 major res(longer trendline and one less major supp,shorter trendline,and a 3rd possible support at a line touched...

since we are at an all time high we can start there and draw backwards, and we get this

i dont follow naz so see where this goes, i just noticed you are breaking down the june contract,forgive me for not seeing this earlier, this may be the blind leading the sighted,start out with a 5 year chart,the object is to know when you are near major and minor support as a parameter or...

cash may not be able to break that wide 03-05 nip to the downside

es

dvol(blue) uvol

traNS

canadian bank holiday

try to run thru it tomorrow am

like anything you are trying for the first time ,sim trade it til you know it's hi/lo probabilities

pick a trading style that is most profitable for you and tune out the noise,and stay tuned to your style,speaking of both ways, we've had 3 moves so far..edit , when we are done with benny economics and there is greater risk of upside surprise,i will change styles,this one works great for the...

dvol uvol last 5 minutes

2nd pic the bid/ask volume is starting to even up, at this point you could check your other guages and see if you want to get in, or out if you were long