Tag Archives: spike

One Timeframing Trend Day Higher, Late Spike

The market stopped one timeframing higher for only one period, typical for a trend day.

outside day, one time framing
Price had one time-framed higher in all but one 30 minute period, typical for a trend day. Also an outside day.

A potential important early market profile trading reference for Thursday could be the base of the late day J period spike at 2619.75. Opening within the spike implies the late higher prices are being accepted, opening above the spike means the late probe did not trade high enough to cut off the buying. Opening below the base of the spike is negative, in that case the pullback low at 2601.50 could be a potential target.

market profile spike

The April 1st selloff was a failed breakout of the March inside month. Although Wednesday was an outside day to the upside, the market is currently trading in a multi-day range.

daily chart trading range



(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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Market Profile Spike



Another downward spike in the Market Profile chart:

spike in market profile

If price opens above the spike it could be considered positive, since the price probe lower was rejected, leaving a buying tail. Price acceptance back above the base of the spike could target the prior point of control, and potentially target the top of the distribution.

The market had sold off significantly the prior two trading sessions, increasing the odds of a possible short covering rally. The market could have gotten too short in the short term.

Opening within the spike could suggest price has found a level where two sided trade can take place, and keep the break intact. Potential targets are the prior close and session low. The top of the spike is resistance.

Opening below the downward spike infers price had not auctioned low enough to cut off the selling and allow for two-sided trade.

Further liquidation could target the 2535.25 correction low from 2/9.



(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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Gap Lower, Selloff Following China Trade Tariffs

market profile spike

Opening within the late spike could confirm the short term down trend with good odds of retesting Thursday’s low. Opening below the spike and Thursday’s low is a sign of weakness confirming price did not travel far enough on Thursday to cut off the selling. Further liquidation could eventually lead to a retest of the February 9th correction low.

Opening above the spike would be more positive, targeting Thursday’s value and possibly the POC. If short covering occurs price could target the value area high and the B period excess single prints from Thursday’s profile. However, large gaps are not usually filled the day after they are created, so the odds would probably favor more of a rotational balancing day.



(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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