Tag Archives: one timeframing

Market rallies after gap open lower

Rally after a gap open lower results in an outside day to the upside.

rally, pullback low
Rally after gap open lower results in an outside day to the upside

Price one timeframed higher for the first ten periods before balancing above 2809.50. Acceptance below that level could target some of the multiple anomalies and single prints in the poor profile structure below. Opening within the upper balance could target the poor high, where balance trading scenarios could apply – look above or below balance and accelerate/find acceptance at higher or lower prices, look above or below balance and fail (targeting the opposite end), or remain balanced.

Although higher than the prior day, NYSE volume was just over 3 billion shares, usually not indicative of a strong market rally.



(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, 40+ Point Rally and Selloff



Price traded mainly within the upped distribution from Friday’s profile, dipping into the lower distribution in the final period when price sold off over 40 points from the high.

inside day
Inside day

Price one timframed higher from the open through six 30 minute periods, developing a six TPO wide point of control at 2643.00, then abruptly reversed and one timeframed lower into the close.

Split view market profile chart
Split view market profile chart 4/9/18

Monday was an inside day. Price acceptance below 2610 probably targets Friday’s low at 2584.50, and potentially the daily lows from 4/3 and 4/4 at 2573.50 and 2571.25, respectively.

Since Monday ended as an inside. balanced day, potential balance trading scenarios could include price either looking above or below the high/low of the balance and either accelerate or fail, or remain in balance. Monday’s range was 43.75 points. Profiles with many anomalies often have good odds of being at least partially repaired in a future session, if not the next.

Price acceptance above Monday’s high, which is a poor high, targets Friday’s high a 2656.75 and possibly the wide point of control at 2661.25 from the 4/4 profile. The high from that day’s profile at 2672.25 is also a poor high with no TPO’s of excess. Poor highs could signify shorter timeframe traders were in control, leaving good odds of those levels to be revisited, or repaired, at some point in the future.



(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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One Timeframing Trend Day Higher, Late Spike

The market stopped one timeframing higher for only one period, typical for a trend day.

outside day, one time framing
Price had one time-framed higher in all but one 30 minute period, typical for a trend day. Also an outside day.

A potential important early market profile trading reference for Thursday could be the base of the late day J period spike at 2619.75. Opening within the spike implies the late higher prices are being accepted, opening above the spike means the late probe did not trade high enough to cut off the buying. Opening below the base of the spike is negative, in that case the pullback low at 2601.50 could be a potential target.

market profile spike

The April 1st selloff was a failed breakout of the March inside month. Although Wednesday was an outside day to the upside, the market is currently trading in a multi-day range.

daily chart trading 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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