Tag Archives: poor low

Two day Balance – Near Matching (Weak) High and Low Ahead of FOMC

two day balance in ES ahead of FOMC, poor highs and lows
Two day balance with near matching highs and lows in market profile charts. September ES futures contract.
no excess  lows market profile charts
Multiple no excess lows in recent market profile charts beg to be repaired



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3/16 Gap Filled to the Tick – Another Poor Low and Poor High in Profile.

poor high and low in market profile chart

Another poor high and also a poor low in the profile chart. Large gaps are rarely filled the day they after they are created, Tuesday’s low did not fill the gap from 6/1.

Momentum trading off of very visual price references has carried the market higher increasing the odds of short term liquidation breaks. Tuesday’s high was exactly at the low from 3/16, very mechanical.

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