Today's Opening Swing - Open Auction Out of Range (OAOR). Traded around the ptre-market range midpoint before selling lower
Breadth - neutral to start. Break-out from zero-line coinciding with price recovering the Open and Opening swing range.
trades - 3 total, two long one short. Captain Hindsight says that I shouldn't have scaled out of my initial long position, rather I should have added.
SPY with premarket and higher time frame 3/10macd
Volume Profile - Today's 'Day Type' being a Double-Distribution Trend Day. Buyers supported the confluence of low volume nodes (LVN's). Value built around a previous High Volume Node (HV) from April 3rd. The breakout of the IB_high later in the afternoon brought a move back to April 2nd's LVN and beyond while also building value around the 4/02 VPOC.
The current cycle is (obviously) going at a faster rate than our previous cycles, twice as fast actually
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