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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
Identifying support and resistance levels for day tradingCheck out my video on how to identify support & resistance and other key levels to prepare for day trading session. I am using S&P 500 futures CME_MINI:ES1! as examples to prepare for trading session on 16 & 17 Apr 2020 (Thurs, Fri). Key levels I pay attention to: Previous day high Previous day low non-Regular Trading Hours (RTH) high non-RTH low Swing high from a few days ago Swing low from a few days ago Swing high/low formed during the trading timeframe (M3, M5). The day trading process is very simple. Basically just to pay attention to how the price interacts with the key levels and trade on reversal or continuation.
CME_MINI:ES1!Education
by mingjong
Has the stock market hit bottom? Ways to tackle the marketAfter the bottom formed in 23 Mar 2020, the US stock market has been trending upwards and it has since gone up by 30% from the low. The S&P 500 index ( CME_MINI:ES1! ) has gone up from the low at 2174 to more than 2800 as of today. There are even dozens of stocks rallied up by 50–100% during the same period. So, has the stock market hit a bottom already? Looking at the past events such as in 2008, 2000, 1987, etc…the bear market started from the peak on 20 Feb 2020 to the bottom on 23 Mar 2020, which lasted only slightly more than a month, could the shortest bear market in the history. The momentum and speed of the V-shaped rebound from the low till now is also unusual compared to the past events. Let's take look at 2008 and 1987 to see if we derive anything useful out from the history markets. Watch the video for a walk through of the past market history. The volatility index (VIX) has started to unwind since 18 Mar 2020. The texture and character from 6 Apr 2020 is different compared to the period from 24 Feb - 3 Apr 2020, which suggests a less volatile and more "normal" market session, where risk-on or risk-off mode corresponds to relevant assets. For traders and investors, it is important to keep an open mind to consider different possibilities and have the right money management strategy that you are comfortable with before participating the market.
CME_MINI:ES1!Long
by mingjong
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