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End to Monthly One Time Framing Higher

end to monthly one time framing higher S&P 500 Futures
ES Monthly chart

The five consecutive months of one timeframing higher was broken Monday as price liquidated below the September low. The odds are increasing fora larger potential change in the market.

short covering after repairing poor low on market profile daily chart
Rout of the trading range. Short covering after cleaning up the prior day’s poor no excess low
Poor profile structure within Monday’s range and the above market profile charts. Multiple single prints were left in the market profile charts above current price.
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Breakout failure of five day trading range

Failure of the breakout of the five day trading range high at 2936.00. The profile left many anomalies. Multiple anomaly profiles are often at least partially repaired the next day.

Breakout failure
Breakout failure of five day trading range

After a gap opening higher to begin the week, price returned back into the five day trading range. The point of control had migrated lower during the day trading session from 2938.00 to 2932.50. Value remained higher for the session.

split view market profile chart
split view market profile chart 10-1-2108
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