ES daily Market Profile chart, balanced day leaves excess at low, poor high near prior point of control:

The ES has been monthly one timeframing higher since November 2016. Removing Monday’s lower excess brings the monthly one timeframing into focus. Price would have to trade below 2405.25 to end the one timeframing higher.

Potential balance trading scenarios that could play out on Tuesday could see price:

– Look above or below Monday’s range and accelerate/find acceptance at either higher or lower prices.
– Look above or below and fail, reentering Monday’s range and targeting the opposite end.
– Remain in balance.

Acceptance above Monday’s poor high at 2429.50 could target at least some of the unrepaired anomalies in the profiles from 8/17 and 8/18:

ES monthly one timeframing higher since November 2016: