Thursday, February 18th Review


Market continued to hold high volume area at 1093’s again in Globex session, moved higher and opened just below Wednesday’s point of Control @ 1097. We broke weekly high during IB period which shows signs of strength. We pulled back immediately after the IB was formed, right into the magnet which is the VPOC once again @ 1097, which made for a great long setup.

The market was stuck in a flag formation throughout the afternoon session, broke to the upside and rallied into the close, once again closing at highs for the day. Resilient bulls again.

High volume areas created today:
1105
1099

Market statistics
IB range – 6.25
RTH range – 11pts
Full day range – 13.75
Volume – 1,831,933

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s