If you want to see supply,.......run a series of vwaps. 1 to 5 day.......
then use 5 day sequence..........
5 10, 15, 20 25,.........etc etc etc...........if price is above the highest vwap on the chart.........then it implies there is no supply...........it's that simple.
Are you really that blind??????? You don't see it. You have bias. Markets can not go up if they are oversupplied..........the chart shows you that sellers are in the market.
Unable to get back to 2014 open.
Unable to get above 2014 developing midpoint.
For what ever reason. Does not matter.........all that matters is that so far, when it pops up......it gets supplied.
trading under the 2014 open and trading under the 2013 close ..........not exactly bullish.
If we look at the futures and not the QQQ, the futures look worse. Not surprising really. I had 85.06 as the next 5 day sequential level. Stopped at 85.07 premkt. But they did break the low of 85.25. Real scammy no matter what.
The short ban did nothing at all. Can not stop me from buying puts and can not stop me from selling futures. Can not stop me from buying ultrashort funds as they went back down. If anything the short ban made it worse because longs that bought in had no support from shorts that were covering.
Sellers took this down from 1831.50. Break of 1809.50 was a successful wedge break by the sellers. What's the big deal? This is standard stuff when you have a bunch of longs packed in with no one to take them out.
When do criminals come to your house? When you are not home or sleeping. That is the reason for premarket manipulations. To steal from your account.