Market Structure EDGE Video
EDGE users, a great time to shape away from 10/10 Overboughts toward 1/10 Oversolds from a #marketstructure perspective is when the monthly futures contracts used by Passive Investors expire on the last trading day of the month.
On Market Structure EDGE, $INTC was 8/10 Overbought and 34% short, which aren’t bad. Not an entry point but not a clanging sell claxon either. Why down 15% on earnings? The #keybehavior was Fast Trading, which vanished at the open. Follow the money. Boom!
The EDGE market structure platform shows $TSLA likely to rise on results but fall after. $MSFT is the reverse – down on results, up after. And what counts is what happens after results.
Traders, #shortvolume-- not short interest-- is what matters. High short volume signals declining supply. Rather than pushing prices UP, trades stop filling. Price stalls. Momentum money leaves. Price falls.
What do Walter White and the US stock market have in common?