The market rallied following Trump’s European joint concessions announcement, leaving poor structure in the market profile chart. The 2836.00 spike base, and probably more importantly, the 2831.25 late pullback low just before the announcement, could be important early references.

Acceptance below 2831.25 could target the weaker references below, increasing the odds of a liquidation break or correction.

If the market euphoria continues, there is an unfilled gap at 2860.00 from 1/29/18, and the all time high (September contract) is at 2883.75, potential visual targets.

(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)