using this order flow/volume zone and volume weighted average strategy theres clearly still a bearish bias on the outlook for the nasdaq hourly. im guessing we come up to touch the resistance zone/averages and back down to do the same to lower levels.
Comment:
extrapolating for nasdaq, spx, es1!, vx1!, and finally uvxy we get this rough estimate:
Comment:
extrapolating for nasdaq, spx, es1!, vx1!, and finally uvxy we get this rough estimate:
Comment:
just an update on this big move in nasdaq futures in the past few hours:
using these 3 swing level luxalgo indicators i think there is potential for rebound, but i am still bearish because we are well below these levels on the chart. looking at the weak low and the last value area high and fair value gap levels we could find our way all the way back to some reasonabke bull level, and still look for shorts to add and longs to take profit or close. taking profit short here is good, but i would still look to add or reenter short on swings.