aceborgia

aceborgia

Or will the fear of going under 70 kick in?

aceborgia

VolumeProfile is thick at this price, Bulls may put up a fight.

aceborgia

VolumeProfile is quite a useful reference. Like using it on Line Charts.

aceborgia

If Bears continue to take control of the tape. Watch VolumeProfile.

aceborgia

We could be breaking out of this "chop" between 94 and 98.

aceborgia

Left Chart. Will keep you updated.

aceborgia

Watch the heavy Weekly VolumeProfile Value Area between 94 and 99.

aceborgia

It seems The S&P caught a bid at this blue trend on Hourly Line Chart.

aceborgia

Currently at the bottom range of a very thick VolumeProfile Value Area on Daily. 54s are crucial.

aceborgia

Using VolumeProfile on a longer timeframe, the real bargains right now could be any test of the range bottom of this VolumeProfile Value Area. Roughly around 106s - 108s. If we don't reach those prices ever again, then a breakout out of current Value Area's range top at 116s could be the next bullish setup.

aceborgia

They don't make it easy. Think outside the box.

aceborgia

Line Charts are not "Old School". They are still very well useful.

aceborgia Updated 

Another candidate for a short-term downtrend breakout.

aceborgia

Disney seems to be breaking out of this short-term downtrend. RSI over 50 on Hourly was just what Mickey needed.

aceborgia

Thinking it could test the bottom cyan trendline on the left hourly Line Chart.

aceborgia

You don't have to be a genius to be a trader...

aceborgia

SPY has broken out from all this VolumeProfile "Chop" between 218.60s and 217.80s. Bullish case, we re-test 218.60s, hold, and this baby may finally see 220. Bearish case, we simply get trapped in the "Chop" again until the next catalyst.

aceborgia Updated 

This will be our very first idea shared on TradingView. In the comments will explain this idea with more detail.