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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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To: rimshot who wrote (123)12/17/2021 11:22:12 AM
From: rimshot  Read Replies (2) of 1309
 
/ES 3-min chart using a 10-day look back for the Volume by Price profile &
the High Volume node regions and Low Volume node regions which reside above
& just below the /ES 4600 level are highlighted as a group

Note - during any future intra-week price volatility the price action will likely oscillate within these
minor HVN price locations
since the only existing large 5-day, 10-day, 30-day, 90-day HVN
is located at 4680 to 4682.xx ( see below this chart for price level specifics )

today, Friday Dec 17 the gap at 4583.75 was filled by the decline

* time stamps are CT, left mouse click to enlarge view



4682 =
major high volume node region, 30-day look back
and represents the current Volume Point of Control updated
Dec 17 a.m.

4654 to 4655.xx =
minor low volume node region
(violated on Dec 16, this LVN served its purpose as LVN because we spent
no significant time at this price zone today to accumulate any further transacted volume ..
this LVN immediately failed to provide any support on Dec 16, LVN's either cause a directional
price pause or do not, always acting as a potential target magnet prior to being tested )

4642 to 4648.xx =
minor high volume node region, 10-day look back

4640 to 4648.xx =
minor high volume node region, 30-day look back
(partially & briefly penetrated on Dec 16 )

4628 to 4629.xx =
minor high volume node region, 30-day look back

4610 to 4614.xx =
minor high volume node region, 30-day look back
( spent hours on Dec 15 pre-Fed release within this HVN )
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