September 16th was an inside, balanced day with the classic Market Profile bell shaped curve. With just barely over an eleven point range for the day, the profile also left a poor low at 2123.00 with just one TPO of excess on the thirty minute bar.

Possible trading scenarios for the next day’s session are:

– Look above or below balance and accelerate
– Look above or below balance and fail, returning back into balance and potentially, at least, targeting the opposite end of the balance
– Stay within balance

Staying within balance on Monday probably has the lowest odds, considering Friday’s small range there is a good probability the market will open with either a gap above or below the range on Monday. If the market does open within range, the odds of follow through from a breakout could have better chance of continuation if price first trades to the wide point of control at 2128.75.

References below Friday’s balance

References above Friday’s wide point of control

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