Tag Archives: poor low

Probable short covering leaves three distributions and poor low in the profile chart

short covering
Probable short covering following the prior day’s selloff left multiple anomalies in the profile chart. Anomalies are often partially repaired soon after they are created, and often the next day (at least partially) . Wednesday’s chart was a triple distribution profile, and has another poor low at 2701.75.
poor low in market profile chart
poor low in market profile chart
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Poor Low



Poor Low, Overlapping to higher value
Poor Low, value ended as overlapping to higher but the point of control had migrated lower during the session.

The market is still one timeframing higher on the daily chart. For any potential meaningful change to occur to the short term trend price would have to find acceptance back into the lower distribution from 5/10.

ES daily chart
ES daily chart through 5/14/18



(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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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)

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