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Volumespreadanalysis

AMZN Volume Spread AnalysisNASDAQ:AMZN We tend to see strong demand on Weekly chart (Background Strength) With diminishing demand on Daily. Thus there might be supply coming in at those level for the shorter time frame period to retest the trend line drawn. Join me with my analysis via Volume Spread relationship as I show you the logic behind money flow to trade alongside Smart money. Key concepts: 1)Smart money always buy on down bar and sells on up bar Therefore: Weakness is always shown in upbar Strength is always shown in the downbar 2) Relative Effort VS Results We will see an abnormally when: There's a huge volume but little price change (Narrow Spread) There's a low volume with huge spread (markup / test)
NASDAQ:AMZN
by ZanderGoh
SPY Volume Spread AnalysisAMEX:SPY Join me with my analysis via Volume Spread relationship as I show you the logic behind money flow to trade alongside Smart money. Key concepts: 1)Smart money always buy on down bar and sells on up bar Therefore: Weakness is always shown in upbar Strength is always shown in the downbar 2) Relative Effort VS Results We will see an abnormally when: There's a huge volume but little price change (Narrow Spread) There's a low volume with huge spread (markup / test) In conclusion, hidden weakness in demand for weekly chart form for SPY. potential to look out for would be fail demand candle. Buying climax bar, and a keen level of 3000 for smart money to test.
OANDA:SPX500USDShort
by ZanderGoh
Gold futures - potential mean of reversion trade9 Apr 2020 recap - Gold futures ( COMEX:GC1! ) jumped up 4% on last Thursday fueled by the worst jobless claim numbers together with trillion dollars injection by the FED. The volume was low on that breakout day suggested the the strong spike up was on the background of lacking of supply.  On a higher timeframe, 1750–1800 levels are resistance as seen in 2011–2013. On H1 timeframe, the run up from the April's low to 7 April high has climatic characteristics followed by a swing down , which can be considered as a change of character of the up swing from 1–7 Apr. Current price action looks like an up thrust of the buying climax high at 1740, coincides with hitting the resistance (from 2011–2013). Movement between the trading range from 1670–1750 is expected for the Gold futures. A breakdown of 1730 could be the first sign of weakness for the possible down swing. Should Gold futures dropped below the support at 1670, 1600 is the next important support level. Bias - short term bearish, expect a swing down to 1670–1700. Key levels - Resistance: 1750–1800 Support: 1670–1700, 1600 Potential setup for Gold futures - look for a test of 1740–1755 for a potential short entry upon a reversal signal, with a target around 1670–1700.
COMEX:GC1!Short
by mingjong
Possible inch up for S&P 500 Futures until emergence of supply9 Apr 2020 recap - S&P 500 e-mini futures ( CME_MINI:ES1! ) attempted to break 2800 but encountered strong supply. Though supply was present on Thursday session, there is no significant bearish result. In fact, there is some absorption of the supply as shown in the demand tails on the H4 chart.  The presence of supply has caused shortening of the upward thrust, but it is not that threatening at the moment. Until we see emerging of supply together with bearish price action, it is possible for S&P 500 futures to inch up to test higher targets at around 2850 before a start of the down move to test 2700. Should ES broke 2750, 2700 is an important level to defend in order for the up trend to be intact. Bias - bullish (Anticipate limited upside).  Key levels - Resistance: 2800-2850 Support: 2750, 2700 Potential intraday setup - look for a test of 2750 to initiate long entry. There are also some trading opportunities by leaning on the smaller timeframe structures (such as M3, M5).
CME_MINI:ES1!Long
by mingjong
Up Thrust of ES S&P500 future - What's next move?7 Apr 2020 recap - S&P500 e-mini futures (ES) tested the target around 2700-2770 yesterday and had an up thrust movement on level 2700 before closing below 2650, as per my trading idea yesterday. It had a great run-up during the non regular trading hours (RTH). However, weakness did show up during the US session. ES was rejected from the target 2700-2770 with increasing supply. The down wave is the greatest for the H1 trend started from the low at 2450, suggests a change of character, which means that the up move could stop at least for now, into a trading range or even a reversal to move down. During today's non-RTH session, ES had a weak rally up, tested only 50% of the last hour bar from yesterday followed by a reversal bar, which could be a sign of weakness. Should ES break below the support levels at 2600-2635, it could test lower targets like 2400-2450 or even the selling climax's low at 2174. However, if the levels 2600-2635 are defended, with absorption characteristics, ES could test the swing high at around 2750 and possible to grind higher. Bias - bearish. Expect a break of 2600-2630 to test lower. Key levels - Resistance: 2650-2700 Support: 2600-2630. Swing high and swing low from lower timeframe. Potential intraday setup - look for an up thrust or test of swing high at 2658, 2680 and/or key levels followed by a reversal to short. If ES can commit below 2600, I will consider to switch the position to swing trade instead of day-trading.
CME_MINI:ES1!Education
by mingjong
ES S&P500 future - breakout to start a bull run? Analog inside6 Apr 2020 recap - S&P500 e-mini futures (ES) had a great rally to take out the immediate resistance at 2525 during the non-Regular Trading Hour (RTH) and to further commit above 2600-2635 during the RTH. Since ES broke out the trading range between 2440-2630, it is expected to test the higher target at 2700-2770. It is worth noting that the upside target at 2700-2770 coincides with : Fibonacci retracement of around 50% from the top (3397) to the selling climax (SC) low of 2174, as shown in the daily chart. Axis line or flip zone where there is strong resistance and supply available, as shown in the H4 chart. During the crash in Jan 2018, ES did up thrust twice before it came down to test the selling climax low. Using Jan 2018's event as an analog, we should be aware that an up thrust is a possible scenario. Bias - Slightly bullish. Expect ES to test the upside target but also prepare n up thrust bearish scenario similar to 2018. Key levels - Resistance: 2700-2770 Support: 2600-2635. Swing high and swing low from smaller timeframe Potential intraday setup - look for an up thrust or test of the key levels / smaller timeframe for a short entry. Possible long entry at the support should it happen.
CME_MINI:ES1!Education
by mingjong