The charts shown are highlighting the 12 month periodic volume profile chart. Currently, the S&P 500 and Nasdaq 100 are bouncing off major 2024 value areas.
Nasdaq 100:
Last week we can see how bulls lost the 2024 value area high (VAH) and couldn't reclaim. As a result we swiftly moved down to the point of control (POC) where we found buyers show up.
S&P 500:
Coincidently, the S&P 500 moved down to the 2024 VAH where it also found buyers show up.
Moving Forward:
These areas remain very important and should be monitored going forward. If a bounce is to happen here, bulls would like to see the Nasdaq reclaim the 2024 VAH and even work back into the current 2025 VAL.
Nasdaq 100:
Last week we can see how bulls lost the 2024 value area high (VAH) and couldn't reclaim. As a result we swiftly moved down to the point of control (POC) where we found buyers show up.
S&P 500:
Coincidently, the S&P 500 moved down to the 2024 VAH where it also found buyers show up.
Moving Forward:
These areas remain very important and should be monitored going forward. If a bounce is to happen here, bulls would like to see the Nasdaq reclaim the 2024 VAH and even work back into the current 2025 VAL.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.