30seconds TA December 9, 2022 week ahead #SPX #SPY #esfutures #shorts #marketprofile

Hi all,

Hope this video helped you!

color codes on my market profile charts:
Balance Levels : Yellow
Gap Levels : White
LIS(Line in sand) : Light seagreen
Spike Levels: Tomato
Weak references & regular trading hours Single prints zone & Chop zone. : default blue
Overnight session single prints: Pink
Direction arrows to the Targets: Green Arrows

Check out more useful Trading educational videos on Market profile, Trading in general, Futures trading & Options trading in this playlist : https://www.tinyurl.com/tradingeducat...

Stay tuned by subscribing! lot more videos to come. feel free to comment on if you have any questions. would love to assist you. Thank you for stopping by! Have a great day!

P.S: these videos that i am making about trading/market analysis are for educational purposes only and i am not responsible for your losses or gains :) all i wish is you be happy by having a better understanding of market & take conscious wise trading decisions.

FAQ's about my Technical analysis video on Futures:

1. What platform do i use for Market profile analysis: Ninja Trader with Rancho Dinero Market profile indicator.
2. Why do i analyze Futures rather than SPY or SPX: Futures run even after market closes. based on the price action of what happened in the overnight session, typically following day's price action can be probabilistically determined. hence i stick to futures analysis.
3. what platforms do i recommend for placing Stocks, Options or futures: Think or Swim ( TDAmeritrade).
4. where can one learn more about market profile:
Here is a detailed video : https://youtu.be/DwvLNmEw9Ik
Glossary for all the terms from James Dalton website: https://jimdaltontrading.com/glossary...
5. What can be traded based on the Technical analysis videos that i share:
You can use this analysis & manage risk in trading futures (ES or MES )or Options on SPX.
6. What Microphone do i use for Videos & What recording Software: Active presenter 9 is the tool i use for Onscreen recording/mixing. Microphone: Audio Technicia AT2020

If you have any other questions, feel free to comment and i would be happy to answer them.

December 9, 2022 EOD(end of the day summary):
We got the inventory correction at the opening. found resistance near the Prominent POC of the overnight session & stayed choppy most of the day. in last 1 hour we got IBL breakdown leading to Spike to the downside & closed below yesterday's low.

Profile shape is "P" VPOC & TPOC are around 3960. only 1 weak level formed today and i have marked them in the chart. both High & low have good excess.

Key nuances & options focus:
1. Trend is Down on Daily, Down on weekly, Up but balancing on Monthly.
2. Since we had closed below the 4 day balance zone, the downside targets are still applicable unless we get a daily close back above 3951.
3. Spike base: 3944 is the LIS for Monday. Play Calls/Long above it, Play Puts/Stay short below.