How to Use the Footprint to Identify Trapped Buyers
Describes how to use the volume Footprint to identify trapped aggressive buyers who become forced to liquidate their positions.
Describes how to use the volume Footprint to identify trapped aggressive buyers who become forced to liquidate their positions.
The E-Mini S&P 500 has endured a significant sell-off since topping out at 1846 in January. And while the ES has sold off over 100 handles and looks extremely bearish, having channel vision could give you a reason to be a buyer soon.
Gold Futures (GCZ3) Short Term Gold put in a spike high at 1323.30 early this morning and then broke below the 1316.50 pivot, sending prices into a steady decline down …
It doesn’t get much better than that, folks. The E-Mini S&P 500 opened with timid strength this morning and rallied right into the 1650 level, which caught offers immediately. The 1650 level became the high of the day, and the ES dropped to each of the targets mentioned above except the last one, which missed by a tick.