If you are watching yesterday’s (18 Sep) market session, SPY rose from $561 to $568.69, closing above the month of August’s high and July’s high over the span of 5 minutes (from 2pm to 2.04pm) before taking a drastic turn and when the session ends yesterday, it closed near to the lows of that day. I ponder over why this happen and when I looked at the volume footprint chart, i kind of understand why. There are one or ...

Yesterday’s session (12 Sep) was an interesting to observe the concept of order flow, support and resistance. For the previous few days, i’m trying to wrap my head around passive participants which are limit orders and aggressive participants which are market orders. It is a very complicated concept to comprehend (at least to me) and am still trying to comprehend. I’m still trying to comprehend this concept because a friend of mine once told me that if you understand this con...

Hi guys, i’m out with another post on the SPY. Yesterday, we saw there was a rally on the SPY and there was a price rejection from the close on the 6 Sep. If you look at the intraday chart, the market was trying to fill the gap up that occur from the close on 09 Sep to the open on the 10 Sep. SPY then proceeded to rally on before finding some resistance from the price area of $555.04 to $555.56, which happens to be where the symbol SPY was bouncing up and down on t...

Hi everyone, I’m a beginning options trader who likes to experiment and test things out. So if I made any mistake in the terms, please forgive and correct me on that.
Recently, I learn about price action in relation to the volume, so thought of applying this to something I saw on the SPY charts. From what i learnt and interpret, if prices increases or decreases but volume did not increase, then it means that the market participants are less interested to push the prices up or ...