1937 on Tap for S&P
Strong lows open the door to new all-time highs for the S&P 500, and acceptance above 1880 signals further strength to 1937.
Strong lows open the door to new all-time highs for the S&P 500, and acceptance above 1880 signals further strength to 1937.
Provides the basics of how to read a volume footprint chart, including looking for large imbalances of trapped aggressive buyers/sellers at highs and lows.
The S&P 500 futures have formed strong lows after each pullback over the last month of trading, which could be a sign that further strength lies ahead.
Analyzes the aftermath of a large buy imbalance that fails to gain traction near the highs of the session, which is created buy aggressive buyers who become forced to liquidate.
The S&P 500 has rallied back to the edge of rejection after a strong 5-day reversal from 1803. Will the market continue to see rejection above 1868, or will we finally see 1900? 1876 will be the key.