Blog by Brian Casto
The Market Profile Point of Control (POC) finished near the highs of the session but the markets closed weak, here is what has happened historically with that pattern.
If the RSI is overbought should we expect the markets to hold up into the close?
The latest platform update for iQ Discover is live and includes an exciting new library for overnight filters!
The markets triggered an overbought RSI reading yesterday, let's see what that has led to historically.
We are seeing a hammer candlestick form in the markets, let's see how that pattern has played out into the close.
Friday closed strong after the monthly jobs report, let's look into what has happened the following session.
Let's test to see what has happened when the market sees weakness into the close on NFP day.
Today is the Non-farm Payrolls report, this is what has happened historically on this day in a bullish environment.
Yesterday made a Narrow Range 7 pattern and closed at new highs, let's test that pattern.
Let's test if there is a bias into the close after this quiet session that is unfolding.