Tag Archives: point of control

New All Time ES High 2760.00, Poor High and Low in Profile Chart




Not technically a double distribution, Tuesday’s profile chart could be looked at as a balanced profile with both a poor high and a poor low.

poor high and low at new all time high
Poor high and low on the Market Profile chart after setting another new all time high

Potential balance trading scenarios could include :

– Remaining in balance

– Look above or below either the poor high or low and fail, returning back into the profile (potentially targeting the opposite end)

– Look above or below the range (repairing the poor high or poor low) and accelerate, or find acceptance, at higher or lower prices

If a “look above and fail” scenario occurs, price acceptance below Tuesday’s poor low targets Monday’s upper distribution low and single print at 2744.25. When price re-enters a previous distribution in a profile the potential exists for it to reach the opposite end.

Acceptance back below 2744.00 could target Monday’s low at 2737.00, possibly the single print and lower distribution below 2735.00 on the Jan. 5th profile, and potentially the low at 2726.50.

Further liquidation could target the low at very wide point of control from 1/4 at 2725.25, the lower excess single prints in the profile, and potentially the gap fill from 1/3.




(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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Back-to-Back Market Profile (lower case) ‘b’ Formations

Back-to-back Market Profile 'b' formations
Back-to-back Market Profile ‘b’ formations

Lower case Market Profile ‘b’ formations can suggest the market had gotten too long in the short term, resulting in short term liquidation off the latest all time high, and probably not the more potent combination of liquidation and new money selling.

Wednesday’s profile chart left a very wide (12 TPO) point of control at 2684.5. Acceptance above the POC could target the excess singles prints from the prior two day’s opening periods, and potentially re-test the all time high at 2698.00, which is a poor high with no excess, and potentially the 2700 level.

Acceptance below the POC targets the close from Wednesday, and low of day at 2679.00. Price acceptance below Wednesday’s low could lead to further liquidation, potentially testing the late, mechanical pullback low from 12/15 at 2674.25, and possibly the singe print at 2669.25, and low from that day at 2666.00.

(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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Selling After Latest All Time High Leaves Poor High and Low in Profile, Multiple Anomalies

anomalies in profile
Selloff from new all time high leaves multiple anomalies in market profile chart

An important step to a potential change to the current up-trend occurred Thursday as price took out the prior three daily lows, stopping the one time framing higher on the daily chart, leaving a poor high on the market profile chart along with a questionable low, almost exactly at the low from 12/11.

late rally high on split view market profile chart

The late rally high at 2661.75 could be an important market profile trading reference for the next day trading session. Failure to find acceptance back above that level could keep the previous day’s down trend intact.

Acceptance below 2654.25, the near matching lows from 12/11 and 12/14, could easily test the prominent naked point of control at 2650.50, with further liquidation possibly testing the top and bottom of the first gap below at 2646.50/2643.75. Price would have to trade below 2626.75 to stop the one timeframing higher on the weekly chart.

Thursday’s selling left a no excess, three TPOs wide poor high at 2671.25, probably signaling the market had gotten too long in at least the short term time frame. Price acceptance back above 2661.75 targets at least some of the multiple anomalies in the profile, and potentially tests the prior day’s poor high, and could lead to another attempt at the latest all time high.

(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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