ES Journal - 2023/2024

ES Daily RTH reference only chart.

Daily Volume Profile on each bar.
Daily NPOC levels = Yellow
Weekly NPOC levels = Pink

NPOC = Naked Point of Control.

Good trades to all.

F.US.EPU23 1 Day #23 2023-08-17 18_24_01.932.png
 
My signal is waiting for Mike Wilson to say buy. Otherwise just few points to chop aroun, but it seems china and hong kong markets are worth paying close attention, sell japanese.
 
4450 tagged. = )

I don't see why it can't go further, though. Say 4465.

Your average trend day up typically (80 %) prints the high in the last hour and there's also some other observations which suggest this have more up side today.

Personally, I wouldn't have entered a long here as it's a bit too late, but I sure wouldn't short it either.
 
Laissez Faire said:
4450 tagged. = )

I don't see why it can't go further, though. Say 4465.

Your average trend day up typically (80 %) prints the high in the last hour and there's also some other observations which suggest this have more up side today.

Personally, I wouldn't have entered a long here as it's a bit too late, but I sure wouldn't short it either.
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And to think what will happen if nVidia disappoints, because the pulse of the market seems to be focused on that one company alone. It's maddening.

For once Powell might seem like a sigh of relief over the next two days, a reality-check as it were.
 
Overnight said:
And to think what will happen if nVidia disappoints, because the pulse of the market seems to be focused on that one company alone. It's maddening.
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Well, to be honest, I don't share that view. From my perspective it's just prices moving up and down for reasons that I don't know and don't need to know.

Fundamentally, prices move higher because money is flowing into stocks and vice versa. I'm content with that explanation.
 
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