Here is a 30 minute bar chart of the e-mini day session for the past two weeks. The market has just rallied sharply on the highest volume bar visible on this chart. This is a clearly defined demand shock, even stronger and more obvious than the one I pointed out yesterday.This is very, very bullish action and means that this market is headed much higher.
6 comments:
CONGRATS!!! CHEERS! :)
Carl, thanks for your analysis.
I like watching 'Market Structure'...but your analysis is wonderful. The current market structure (we had 3 contracting down bars on monthly chart followed by 3 expanding monthly down bars) this event has ocurred only 2 times since 1929....1st time was 1942....second time was 2008-09. We seem to be following 1942 path as well.
How do you define "Demand Shock" and does it apply to all indicators and stocks as well?
Nice Job, still long from 837:)
For what i remember, the mid point or 50% retracement of a previous swing was important also for a great trader of the past, mr W.D.Gann (1878-1955), famous for his obscure and esotic approach to the art of trading.
Great analysis here today, Carl. Thank you!
I'm still not clear on the demand and supply shocks... How do you know that the recent "demand shock" is really a demand shock and not a high volume trend reversal?
Carl,
Just a word of thanks for your time and analysis. I realize that you do not have to share either.
With all of the negativity floating around, it is sometimes hard for me to believe your forecast for strength. However, time after time you have been proven correct.
Best Regards,
LP
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