SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 681.89+0.3%Oct 31 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rimshot who wrote (27)6/29/2014 7:25:44 AM
From: rimshot  Read Replies (1) of 1118
 
Volume Profile analysis for Friday June 29th:

on Friday, buyers defended the low volume region
of ES $1946-1944, and this will be required again in the future
to prevent declines to lower price levels

* Low Volume node - Because there is very little trade business done in a Low Volume area,
LVN's imply "not fair" value. When price approaches an LVN, the typical behavior is to quickly:
1) breakout / breakdown again , or
2) bounce rejection away from the LVN.

* High Volume node - Because there is a lot of trade business done in a High Volume area, HVN's imply "fair value." When price approaches a previous HVN, the typical behavior is to spend time in this area and not rush through it because this was a previous "fair value" area. HVN = temporary support or resistance before
price moves on.

$1946 to 1944 low volume region during Friday's action:

* this week, volume has been increasing near the $1948 level, which means acceptance as fair value.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News