Category Archives: S&P 500 E-mini Market Profile Review

Rally Continues from Correction Low, Leaves Anomalies in Market Profile Charts



Multiple anomalies left in market profile chart following rally
Multiple anomalies left in market profile chart following rally

Back to back rallies left multiple anomalies, poor structure in the prior two regular session daily market profile charts. Early volatility saw price trade back into the prior day’supper distribution after a gap opening higher.

Long, stretched out profiles with multiple anomalies are often at least partially repaired soon after. Thursday’s volatile trading left more anomalies of it’s own.

The late pullback low at 2719.50 could be an early short term trading reference on Friday; acceptance above that level keeps the bullish sentiment intact, while failure to find acceptance above that level could see price repair some of the anomalies from the poor structure below.

Split view Market Profile chart
Split view Market Profile chart

The prior recovery high from 2/7 at 2726.75 could also be a level to keep an eye on, depending on where price opens.Trading below that level probably leaves good odds of testing the lower reference.

ES daily bar chart
ES daily bar chart
poor structure in profile charts from correction low
Poor structure in profile charts from correction low

(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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FOMC Day Leaves Questionable High and Low in Market Profile




weak high and poor low in ES market profile chart

The ES is trading in a two day balance. Potential trade scenarios could include:

– Remain in balance, possibly trading slightly above or below the current two day balance, but mainly trading within it.

– Look above and repair the near matching highs and fail to find acceptance at higher prices, returning back into the two day balance targeting the point of control and potentially the opposite end of the range.

– Look above the two day balance, repairing the two near matching highs and find acceptance at higher prices, targeting the low from 1/26 at 2846.50 and potentially the unfilled gap from 1/19 at 2851.50. Acceptance back into that balanced day’s profile could target the value area low, point of control, and possibly the high of that day. The all time high was made in an overnight session. Although they can last for some time, record highs made in after hours trading sessions have always been revisited during a regular hour trading session.

– Look below and repair the poor low at 2813.00 and return back into the two day balance, targeting the point of control and potentially the high of the range.

– Look below the current two day balance low at 2813.00 and find acceptance at lower prices, targeting the prior weekly low at 2809.25, potentially testing the 2800 level.

If price opens with the range, the near back to back points of control could provide early support or resistance, depending on which side of it price opens. Prominent points of control can often act as price magnets, drawing price back to it.

(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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