Tag Archives: poor high

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)




Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: 

Four Day Balance Below All Time High

four day balance
Four day balance below latest all time high

Thursday’s market profile chart left another poor high with no TPO’s of excess at 2696.00. The all time high from 12/18 is also a poor high with only one tick of excess at 2698.00, increasing the odds that the all time high will be retested at some time.

Early developing value on Friday could provide clues as to attempted market direction ahead of the Christmas Holiday weekend. Potential scenarios could include a look above in price to repair the poor highs, potentially targeting the 2700 price level and either find acceptance at higher prices, or look above and fail, trading back into the four day range.

Other potential scenarios could see price:

– remain within the four day balance
– look below the range and find acceptance at lower prices, potentially targeting the levels noted in Wednesday’s market profile report,
– or look below the four day balance and fail, returning back into the trading range.

There are regular trading hours for the CME Group Equity Products on Friday, December 22nd, but the markets are closed on Sunday, December 24th and on Monday, December 25th, with a 5:00pm (CT) open on Monday for Tuesday Trade.

(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)




Share  Facebooktwittergoogle_plusredditpinterestlinkedinmail


Subscribe: