Technical analysis summary in text for: October 20, 2023 End of day(EOD). All the Acronyms that I had used in the charts are in this description below.

Opening was within prior day's range and with an Overnight inventory of 100% Short. We got almost a full counter auction but couldn't hold above opening and fell back below Thursday's low(10.19.2023 Low) followed by break of Overnight low triggering a liquidation creating a Spike in to the close.

Profile shape is "b" with 1 set of single prints making it a double distribution day. VPOC & TPOC are in the lower distribution around 4266. No weak levels formed today. High & Low have good excess.

**Key nuances & Options focus: **
1. Trend is Down on Daily, Weekly & Monthly.
2. Play Options based on key LIS levels given in this week's weekly 60 Seconds TA video    • October 22, 2023 #technicalanalysis #...   . @everyone I hope this short and crisp video helps you!

Stay tuned by subscribing!. feel free to comment on the video if you have any questions. Thank you for stopping by and I hope you have learnt something new!

Here are the 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
Previous week low, Prior Month high : Turquoise blue


Check out more useful Trading educational videos on Market profile, Trading in general, Futures trading & Options trading in this playlist :    • Trading Educational Series  

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 can be traded 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 :    • Market Profile Session  
Glossary for all the terms from James Dalton website: 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 : Audio Technicia AT2020
7. What Screen recording Software do I use for making Videos: Active presenter 9.
8. What live telecast tool do I use to Stream on YouTube: OBS Studio.

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