Gap Fill

gap fill
No acceptance below gap fill

The gap from 8/6 at 2853.50 was filled in C (third) period when price traded lower to 2853.00, but price did not find acceptance back into the upper distribution from that session’s elongated trading range.

Acceptance back below 2853.00 could target the lower references from Monday’s market profile chart.

Acceptance above the prior two day balance high could again bring focus back to the all time high at 2883.75.



(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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Double Distribution

Double Distribution
Double Distribution Market Profile chart

Low volume rally leaves double distribution in market profile chart. Mechanical buying exactly from the opening tick in B period shows short term traders in control. Each distribution can be looked at as a separate balance. Price acceptance below 2847.00 targets the lower distribution.

market profile chart split view
Rally off open print in B period

Acceptance above Monday’s high could target the unfilled gap from Jan. 29th at 2860.00 (September contract) and potentially the all time high at 2883.75.



(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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Trend Day Higher Following Gap Open Lower

multiple distributions market profile chart

The market one timeframed higher for 9 consecutive 30 minute periods after the opening bell, following an 8+ point gap open lower, rallying through both distributions from the prior day’s double distribution market profile chart. The early session low was just 4 ticks below the prior weekly low at 2796.00.

trend day higher
Trend day higher, price one-timeframing higher for all but two periods.

The late pullback low at 2823.50 could be an early reference in Friday’s regular trading session, depending on where price opens. Acceptance below that levels increases the odds of at least partially repairing some of the multiple anomalies/distributions from Thursday’s market profile chart. Failure to find price acceptance below the pullback low could keep the bullish sentiment in-tact.

The monthly jobs report is due out at 8:30 am ET before the market opens. Volatility is expected.



(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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