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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (122)	12/16/2021 5:22:45 PM
From: rimshot	Read Replies (1) \| Respond to of 1309

/ES 3-min chart using a 10-day look back for the Volume by Price profile & the visible price range has been enlarged to make it easy to see the High Volume node regions and Low Volume node regions which reside above /ES 4600 level during any future intra-week price volatility the price action may oscillate within these minor HVN price locations since the only existing large 5-day, 10-day, 30-day HVN is located at 4680 to 4682.xx ( see below this chart for price level specifics ) * 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 16 close 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 today, 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 today, 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 )