Tag: VPA trap at market open

Detailed Volume Price Analysis (VPA) – SPY 10-Minute Chart, March 17, 2026 This 10-minute chart of SPY (SPDR S&P 500 ETF Trust) is a textbook example of why Volume Price Analysis is so powerful — especially at session opens and during volatility spikes. The principles you’ll see here apply exactly the same way in cryptocurrency markets (Bitcoin, Ethereum, altcoins), where fakeouts and traps happen even faster. Premarket Price Action Crossing into the Cash Market Open On the left side of the chart (premarket phase), SPY was building a slow, controlled bullish bias. We see a series of small-to-medium candles making higher highs and higher lows with relatively modest volume. This is typical pre-market behaviour — thin liquidity, limited institutional participation, yet enough buying interest to set what many traders would interpret as a bullish tone for the day. Then the cash market opens at 09:30. The first 10-minute green candle after the open looks perfect. Wide spread (strong upward price movement) Solid close near...