Tag Archives: Inside day

Balanced Inside Day Following Selloff

balanced inside day
Balanced inside day following priors day’s selloff

The late rally high from the prior day’s trading session was ignored as the market balanced inside the previous range, leaving a poor, no excess high at 2735.25.

Rallying from two ticks above the prior point of control at the third (C) period low, Tuesday’s value area ended the day as slightly overlapping to higher and the point of control had also migrated slightly higher during the day.

Potential scenarios could see price look above or below the one day balance and either accelerate/find acceptance at higher or lower prices, look above or below the balance and fail – potentially targeting the opposite end, or remain within or slightly extending the balance.



(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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Inside Day, Questionable References Above and Below Range



inside day

Questionable references both above and below Friday’s range, which was an inside day; Friday’s high is one point below the prior day’s high, which was exactly at the late rally high in the profile chart from 3/14, and the 3/15 low (last Thursday) was at just a single tick above the unfilled gap from 3/8 at 2745.50.

Possible balance trading scenarios that could apply in relation to Monday’s range: Look either above or below Friday’s balance and either accelerate/find acceptance at higher or lower prices, look above or below the balance and fail – targeting the wide point of control, prior close, and potentially the opposite end, or remain balanced around Friday’s range.



(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, Inside Day



Double Distribution, Inside Day
Double Distribution, Inside Day.

Wednesday morning is the release of the US CPI data, which could bring more volatility. A higher number could pressure stocks, a lower number could boost stocks.

Early focus could be on price acceptance in regards to each distribution from Tuesday’s profile, with potential balance trading scenarios applying:

Look above or below a distribution and either find acceptance and developing value at the higher or lower prices, or look above or below a distribution and fail, returning back into that balance and targeting the opposite end.

With the recent market volatility, eemaining within a distribution for a considerable period probably has the lowest odds. Tuesday was also an inside day, a large move away from either side of the range is possible.

From ForexLive.com:

Tomorrow at 8:30 AM ET/1330, the US CPI will be released. With all the focus on inflation since the US employment report, this will be a key release for rates, stocks and the dollar as well. If it moderates, it could go a long way toward easing fears about the inflation scare, 3 or 4 tightenings in 2018 and the stock market concerns. Conversely, if it surprises to the upside, the higher yields, lower stocks and 4 tightenings will be back in play.

The expectations are the following:
CPI MoM 0.3% vs 0.2% last month
Core CPI MoM 0.2% vs 0.2% last month
YoY for CPI is expected to decline to 1.9% from 2.1% last month
YoY core is also expected to decline to 1.7% from 1.8% last month.

Recent History Of This Indicator
Inflation may be under new scrutiny but one place it has been hard to find is in consumer prices. And not much price traction is expected to appear in January’s report with the core rate (less food & energy) seen up a modest 0.2 percent with the year-on-year expected to fall 1 tenth to 1.7 percent. The consensus for the headline CPI is a gain of 0.3 percent for a yearly rate that is also down 1 tenth, at 2.0 percent. ~
econoday.com



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