Important S&P 500 Support
Voume Profile places volume on a vertical scale to determine areas of support/resistance.
The widest part of the profile is called "Point of Control" (POC). This is where the strongest support and resistance could be.
POC is at 5,704. Chart support is at 5674. A break below these levels could open the door for a plunge down to the 08/05/24 mini crash bottom.
The widest part of the profile is called "Point of Control" (POC). This is where the strongest support and resistance could be.
POC is at 5,704. Chart support is at 5674. A break below these levels could open the door for a plunge down to the 08/05/24 mini crash bottom.
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