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Long

SPX -First Three hours analysis: ENJOY 42 DOLLARS PROFIT MOVE

SP:SPX   S&P 500 Index
SPX -First Three hours analysis: ENJOY 42 DOLLARS PROFIT MOVE

TODAY BUY SIGNAL GIVEN AT - 2536

MARKET WENT TO - 2574

ENJOY 42 POINTS PROFIT IN SPX

AGAIN BUY AT ANY DIP

1. Volumes are greater than previous day - Suggests some interest from long time-frame participants.
2. Positive cash flow is slightly greater than Withdrawals.
3. Free Float capitalized weightage - Negative and Positive are at the same point.

Overall view - MP suggests that VALUE of SPX seems to be Increasing.

Market Profile/Volume Profile + Market Internals(TICK INDEX + UP/DOWN VOLUME ) + Volatility can help the day trader to be successful.

Efficient Market Hypothesis talks about Price is Subset of Volume + Event/News, So any Event/News can make this analysis wrong.

Any Questions comment here

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