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Quantity profile buying and selling technique: Bulls safeguarding S&P 500 PoC at apx. 3970

Bulls are defending the Quantity Profile Level of Management (POC) within the S&P 500 technical evaluation, signaling a bullish market development. This technicak evaluation from the Youtube channel focuses on the amount profile and the way to commerce it to enhance your buying and selling ways:

Quantity Profile? Watch 3970 on ES (S&P 500 Emini Futures)

Quantity Profile is a technical evaluation instrument that exhibits complete quantity traded at every value stage over time. It exhibits merchants the place most buying and selling quantity has occurred in a particular timeframe utilizing a graphical illustration. Merchants use the POC, the value stage with the most important quantity, to commerce Quantity Profile. The POC and different main ranges are important help or resistance ranges as a result of merchants and algorithms react to them.

The S&P 500’s POC is 3970, and the blue traces inside the above vide, replicate the worth space high and low. 68% of buying and selling quantity occurred between the blue traces, that is the ‘worth space’.

The S&P 500 has dropped 5% in 25 buying and selling days as a traditional retracement. Regardless of market volatility , bulls are defending the POC, and whereas value stays above, it stays bullish, IMHO.

Merchants can set stop-loss orders beneath the POC as a help stage .

In conclusion, the S&P 500’s POC is a important help or resistance stage for merchants and algorithms. Buying and selling strategies may be primarily based on defending the POC, which suggests a bullish development. Understanding and making use of Quantity Profile helps enhance your buying and selling strategies and outcomes.

If ES closes 2 consecutive days beneath 3925, then I’ll change my bullish premise.

Commerce ES at your individual threat and go to for extra views.

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