My (uneducated) guess is that it will at least get to support around 93,000. Engulfing candle on the monthly suggests that it might need time to absorb additional supply in the market imo.

VSA Trading: Reading the Tape & Learning to Wait

Interesting. I've been going the opposite route because of Gary Dayton. He really leans on structuring the markets w/ the trend channels. OTOH, David Weis (and Jako McPorker on YT) rely more heavily on simple price ranges/support + resistance, but I ...

vsa with Malcolm

Jumped in MS and MSTR and leveraged to the tits on S&P 500. Don't really have much gunpowder left for anything else. My hope is that the Gold sell-off leads to volatility across the markets at this point. SPY isn't helping. Showing a lack of ...

vsa with Malcolm

Frustrating that I didn't get in at the close, but at least my analysis was spot on: image Looks like precious metals are breaking down across the board due to the overnight session. Will see if there's an opportunity to fade a mid-day rally of a ...

vsa with Malcolm

Not that I can recall. I have struggled trying to pick tops w/ VSA frequently, so I've probably overcompensated and look for excessive confirmation at times as a result. I'm hoping there's not a huge gap lower tomorrow or anything. I will look to ...

vsa with Malcolm

Speaking of No Demand, there were a lot of symbols showing a lack of conviction today. The S&P 500 ETF is one, altho the spread is not as narrow as I'd like and price has cleared short-term resistance: image

vsa with Malcolm

Bitcoin seems more bearish IMO: image Strong up bar. Bulls are in control after some consolidation. Price is entering overbought territory though which could spell trouble Price explored new highs and has nothing to show for it. On top of that, ...

VSA Trading: Reading the Tape & Learning to Wait

I think this month is going to be pivotal for the US markets. Leaning towards bearishness, but we'll see how things play out. Here's the Daily chart for the S&P 500 image Down bar as a sign that supply is hitting the market. Volume might be ...

VSA Trading: Reading the Tape & Learning to Wait

Re: the lack of traction for VSA, IMO the fundamentals are unchanged, but the learning path is outdated for the modern newbie. The steps are seemingly unchanged for the last 10-20 years: Read (and reread) the PDF of a 25 year old book (Undeclared ...

vsa with Malcolm

Yeah in hindsight, I agree. I can see price being knocked sideways to absorb supply temporarily, but likely not nearly enough to change the bullish background. I think the market volatility, Gold's off-peak volume, and using a 3m chart collectively ...

vsa with Malcolm

Gonna revisit the basics and skim some VSA PDFs today. On another note, Gold is looking like it is setting people up for the okie-doke. The futures market has been in regular trading hours for 15 minutes and in spite of making little progress it ...

vsa with Malcolm

Tried to day trade today and was consistently off-base. I really struggle w/ making heads or tails out of the price action. Because there's a finite amount of time for the stock market, and it seems to be much noisier than the longer-term charts, ...

vsa with Malcolm

Got some much needed breathing room after a retracement. During the initial drawdown, the only thing that kept me in the trade was trust in the multi-timeframe analysis. It's a balancing act between timing the short-term timeframe and the larger ...

vsa with Malcolm

Some supply in the S&P today. We'll see how things play out. Was stalking shorts when the breakdown happened so fast that I only got 1/5 the size I wanted (MSTR) and completely missed XYZ. C'est la vie

vsa with Malcolm

This morning, a few plays on my watchlist gapped @ the open only to listlessly tread water on light volume. The narrative I was anticipating as a result was weakness in the background -> gap higher to trap traders -> lack of demand showing a ...

vsa with Malcolm

This week is "shit or get off the pot" territory potential for my TLT position. It's a good sign seeing a squat/test bar on the weekly: image With that said, it's liable to be a volatile week so nothing's off the table There's a Tuesday deadline ...

vsa with Malcolm

Got in this morning @ prior resistance that ideally holds as support: image I am concerned about gaps as the underlying is volatile. I currently have a handful of March 2026 calls @ a $90 strike price. (Loose) Fundamentals TBH, this feels like a ...

vsa with Malcolm

The S&P500 has a similar (albeit less volatile) rally on declining volume. July and August had the lowest monthly volume since August 2021 too. Microsoft I'm seeing some distribution in Microsoft. The daily is showing signs of a failing rally: ...

vsa with Malcolm

Here's the rest of the chart: image Curious if someone can point out some of the tells leading up to the selloff here? The areas that seem the most relevant in retrospect are: The earning report on July 23rd as a clear line in the sand that was ...

vsa with Malcolm