Tag Archives: poor high

Poor High, Late Pullback to Half-back in Profile Chart

Poor high market profile chart
Poor high in the market profile chart

The market attempted a breakout higher of the previous three week high above 2680.50. The move higher was on lower futures volume than Friday, while Monday’s NYSE volume was also relatively light.

The late pullback low at 2676.25 in L period on the chart below was very suspect, as it was at just one tick below the session’s half back level and exactly at the point of control.

split view profile chart displays mechanical pullback to half-back level
split view profile chart displays mechanical pullback to half-back level

Value was higher throughout the day.

Monday’s profile left a poor high (no TPO’s of excess) at 2687.00. If the poor high is repaired and price finds acceptance above that level, potential targets are the high from 3/22 at 2698.25 (the bottom of the unfilled gap) and gap fill from 3/21 at 2712.50.

The mechanical nature of the late pullback low to half back leaves good of of being revisited. Price acceptance below that level could target Monday’s low at 2666.00, further liquidation could see a test of Friday’s point of control at 2658.25. The next downside reference would be the low from Friday at 2644.75.



(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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Multible Distributions



The market appeared to be in short covering mode ater the weekend. Often, when there are multiple anomalies in the profile it is a sign of shorter time frame, momentum based trading, leaving decent odds of at least some of the poor structure being repaired in a future session, if not the next day.

Short covering rally, poor high in market profile chart

Monday’s pullback low at 2708.50 could be an early reference on Tuesday’s regular session, depending on where price opens.

Acceptance above 2708.50 potentially targets Monday’s point of control, the prior close and potentially the high, which also a poor high with no TPO excess, at 2727.75 and the high from 3/1 at 2731.00.

Other potential targets above could include the single print at 2737.25 from 2/28 and the point of control from that profile at 2747.50 and the high of that day at 2762.00, which is also another poor high.

Split view market profile chart 3-5-18

Price acceptance back below the upper distribution targets the single prints and the anomaly below that balance, and potentially the high of the lower distribution from Monday at 2684.50.

(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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