Late Selling Leaves Market Profile Spike

Another late selloff left another spike in the profile, as price traded back into the prior multi-day trading range. Wednesday’s profile also left a poor high with only one tick of excess at 2762.00.

split view profile 2-28-18
split view profile 2-28-18

Opening the next session within or below the spike could be considered negative as lower prices are being accepted, leaving the potential for price to test the prior weekly low at 2693.50.

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