Tag Archives: distributions

ES Rallies to Another New Record High

ES rallies to another new all time high, market profile chart
one timeframing higher
Price one timeframed higher every 30 minute period




Market Profile commentary

Overnight inventory was 100% long coming into the regular trading session on Friday.

Mechanical buying off the overnight halfback price level in the opening period (overnight chart not shown), again off the open print in C period, and again off the overnight high at the low of E, signaled another day apparently being dominated by short term traders. Price continued to one tiemframe higher after the open for the entire session.

“Traders do what works until it doesn’t work anymore”. In this case buying off common, visual day time frame references and taking price to another new all time high.

The late day spike in L period at 2863.25 could be an early market profile reference on the next regular hours trading day, depending on where price opens after the weekend; acceptance within or above the spike shows the higher prices are being accepted, and could lead to a test of the all time high (2900 is now within striking distance). Opening/acceptance below the spike base could tell us that the late higher prices are being rejected.

If price finds acceptance back below 2863.25, the potential destination is the low of that balance at 2858.00, and possibly a test the single print at 2856.50. Acceptance back into the lower distribution could target the opposite end of that balance, Friday’s low.

The poor, mechanical structure of Friday’s profile makes the rally appear to be very questionable, probably leaving good odds that at least some of the anomalies from Friday’s chart will be revisited/repaired.


Note – at the time of this posting (Sunday evening) the overnight market had already traded to another new record high. While not guaranteed, all time highs that have been made in an overnight session have always been revisited during a regular day trading session. However, there have been overnight records highs in the past that had remained for a considerable amount of time before being retested in a daytime session.

(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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2770.00 New All Time High. Anomalies, Multiple Distributions in Profile




2770 new all time high anomalies in profile
Multiple anomalies, poor structure in Market Profile chart

Another new record high after a small, one point gap open higher. After rallying in G and F period and developing multiple distributions in the profile, the market spiked higher again in M period leaving a late day spike above 2766.00.

Depending on where the market opens, 2766.00 could be an early market profile trading reference. Continued acceptance above that level keeps the bullish tone in tact and could test the latest all time high at 2770.00.

Price acceptance below 2766.00 could target the single prints at 2761.75 and 2760.25.

2760.00 is the prior all time high from January 9th, which could act as short term support in the absence of any selling, but if price trades below the base of the late day spike it probably lowers the odds of the prior high holding as support.

If price finds acceptance back into the lower distribution below 2760.00 the potential exists to test the low of the day at 2752.75 and target the unfilled gap at 2751.75.

Although all trends remain up, there are three unfilled gaps from the prior 8 trading days, increasing the odds for at least a short term liquidation break.

Monday, January 15th, 2018 is the Martin Luther King Holiday, with a 12pm CT trading halt for CME Equity products.

(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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