Tag Archives: poor low

Late downward spike, poor low in market profile chart

market profile spike
Late day spike in profile, no excess low

A downward spike in the market profile chart occurs late in the trading day, not leaving enough time for the lower prices to be verified as being accepted or rejected.

Acceptance below the spike targets the distributions from the 6/28 profile chart and potentially the prior weekly low/trading range low at 2693.50.



(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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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



(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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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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