 Hey everybody, it's Hari Swaminathan from optiontiger.com and in this video, I want to do a slightly longer term analysis on the S&P. As you can see, we've been having very highly volatile days. In fact, yesterday was a massive day up based on the Fed's dovish approach to interest rates and so the S&P went up 61. So in this kind of an environment, it's hard to make sense of whether the market seems to be recovering from these lows or is there more downside. And one of the kinds of analysis that is useful in this kind of a scenario is to look at where are the strong zones, whether it's support or resistance. And the way we do that is there's a study called volume profile. So because as you can see, there's quite a bit of choppiness all the way here. Of course, there's a nice trending area from here to here. But at the beginning of the year, 2018, we had some serious choppiness and we're seeing the same kind of choppiness here now. So under studies, if you go and look at volume profile, I'm going to turn this on now. So show study, apply and OK. So now this picture gives you a much more clearer view of where these clusters are, whether it's a support or resistance cluster, it tells you. So what this is, is these two lines are, they cover 70% of all the volume that happened in this time frame. And then as you can see, the biggest cluster is right here. In fact, as you can see in today's pre-market, we're down 9 points after being up 60 points yesterday. And we are right at that cluster right there. And so this is going to be a battle ground. And the way we have to look at it is since this is the biggest amount of volume going on here, I'm going to do a little drawing and to show the cluster areas of support or resistance. So here we go, if we do this, and let's say this is the zone where we have some serious battle going on. Now, if you look at previous points in the chart, you can see that once again, here we have, this was an area of support and resistance. Basically a battle zone, it's a battlefield. And similarly, you'll see that there's one here as well, where price seems to be consolidating or just going flat rather than making any kind of a move. There is definitely, you can go back somewhere here, up until here at least. I think you can say that there is some kind of a cluster here as well. So if the S&P manages to break out here, then the next big clusters are coming right here. So which would be, I would say this one right here, and to some extent these two as well. So just a small cluster there. But once again, we have that. And then once we cross this, then you can see it's a smooth wave all the way up here. So we actually happened to be in right in the middle of the biggest cluster of volume in the past one year. And so my sense is yesterday after we had such a big day, we might see some a flatish to maybe even downish days over the next week or so. And then it remains of course to be resolved whether it's going to go to the upside or downside. There's the G20 meeting coming up and the trade discussions between US and China are pivotal to how the markets are going to behave in December. So we'll have to keep an eye out for that as well. But as it happens, we seem to be in the highest cluster of volume of activity as far as the S&P is concerned. Thanks.