Wednesday’s selloff following Comey Memo leaves multiple anomalies in Market Profile

ES sells off following FBI’s Comey memo on Trump, day after new all time high created in regular session (prior all time high was made in Globex session).

ES selloff from Trump Comey market profile chart

Anomalies in the profile are a sign of emotional trading, with good odds of being at least partially “repaired” in a future pit hours trading session.

Wednesday’s late rally high could be an early important trading reference, depending on where price is at the open of Thursday’s U.S. session. Acceptance below 2366.50 keeps the current short term down trend in tact.

(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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