The market broke out above the recent 50+ handle trading range. The breakout was on low volume compared to the size of the move higher (NYSE volume was just below 3 billion shares traded). The late pullback low at 2756.75 and the prior trading range high at 2748.00 could be important early trading references to begin the new week.
(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 disclaimerShare