Tag Archives: poor low

Wide POC, Poor low in Profile Chart



Lower case ‘b’ shaped profile with excess at the high and a poor low on Monday:

wide point of control and poor low in market profile chart
Wide point of control, poor low in market profile chart

Depending on where price opens, early focus could be on Monday’s wide point of control at 2790.00, and the CME settle (June contract) at 2789.00

b shape market profile chart

June contract

If price opens within range the POC/close could act as early short term support or resistance. Price acceptance above the prior settle could target Monday’s excess high.

Removing the excess with price acceptance above Monday’s high could target the high from 2/2 at 2812.75 and potentially the first unfilled gap above Monday’s profile at 2817.25. Filling that gap could target the wide POC from 2/1 at 2828.50 and the top of the three day range/balance (1/30, 1/31, 2/1) and near matching highs at 2844.75. There is also an unfilled gap from 1/29 at 2856.50

Although value ended the day as overlapping to higher, it was migrating lower during the day session. If price opens below or trades through the wide POC in Monday’s profile there is probably good likelihood the poor low in the profile would be repaired.

Acceptance below Monday’s poor low could target the poor structure to repair at least some of the remaining anomalies in the 3/9 profile. There is an unfilled gap to the downside from 3/8 at 2756.25.



(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: 

FOMC Day Leaves Questionable High and Low in Market Profile




weak high and poor low in ES market profile chart

The ES is trading in a two day balance. Potential trade scenarios could include:

– Remain in balance, possibly trading slightly above or below the current two day balance, but mainly trading within it.

– Look above and repair the near matching highs and fail to find acceptance at higher prices, returning back into the two day balance targeting the point of control and potentially the opposite end of the range.

– Look above the two day balance, repairing the two near matching highs and find acceptance at higher prices, targeting the low from 1/26 at 2846.50 and potentially the unfilled gap from 1/19 at 2851.50. Acceptance back into that balanced day’s profile could target the value area low, point of control, and possibly the high of that day. The all time high was made in an overnight session. Although they can last for some time, record highs made in after hours trading sessions have always been revisited during a regular hour trading session.

– Look below and repair the poor low at 2813.00 and return back into the two day balance, targeting the point of control and potentially the high of the range.

– Look below the current two day balance low at 2813.00 and find acceptance at lower prices, targeting the prior weekly low at 2809.25, potentially testing the 2800 level.

If price opens with the range, the near back to back points of control could provide early support or resistance, depending on which side of it price opens. Prominent points of control can often act as price magnets, drawing price back to it.

(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: 

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: