Markets Sell Off to Begin the Week – Fear of Possible Trade Wars Finally Sink In

large gap lower
large gap lower to begin the week

Often large gaps that begin a new week develop into a new short term trading range. Large gaps are also rarely filled the day after they are created.

market profile rally high
Split view market profile chart shows late rally high following early selloff

The late rally high at 2725.00 could be an early Market Profile trading reference on the next trading day. Continued acceptance below that level keeps the current downtrend in tact. Acceptance above the late rally high targets the excess single prints above 2732.00, and potentially test the prior monthly high at 2745.25. The session low, at just two ticks above the psychological 2700 level, is also very questionable.



(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)

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Balanced Profile

Balanced profile
One day balance. If price opens within this range the high and/or low of the profile could be important early trading references

One day balance. Potential scenarios could see price looking either above or below the small range and either accelerate/find acceptance at higher or lower prices, look above or below the range and fail (potentially targeting the opposite end of the range or more), or remain within (or slightly extending) the balance, probably the lowest of the odds.



(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)

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