New swing high in o/n session; carry forward as less secure Value unchanged yesterday even after multiple intraday liquidation breaks Market still one time framing in holiday shortened week with…
Small non true gap higher within range Overnight inventory very balanced with a 45 degree line low No real high impact economic data until Thursday morning No evidence of any…
Small gap higher this morning to kick off a traditionally bullish week between Christmas and New Years Overnight inventory skewed heavily net long but all within value area No real…
Balanced o/n inventory with little change from yesterday’s settlement Futures trading on a small true gap higher November core PCE Prices (key Fed metric) ticked down Volumes should be lower…
Large break yesterday on lack of news catalyst Overnight has taken back a good portion of the decline Some of the VPOC’s below were repaired yesterday SPX cash came down…
New high in O/N session, carry forward as less secure Small non true gap lower back into range, RTH session will tell us if any real motivation on sellers exists…
Today’s ES and NQ Market Profile and Pivot Point Numbers Value Area High 4799.00 16973.00 Point of Control 4793.00 16956.00 Value Area Low 4787.50 16882.00 R3 4825.75 17140.00 R2 4814.00 17057.00 R1 4803.75 16998.50 Pivot 4792.00 16915.50 S1 4781.75 16857.00 S2 4770.00 16774.00 S3 4759.75 16715.50
Relatively tight overnight range as recent rally continues to “digest” Overnight inventory close to 100% net long Rates continue to stay soft keeping a floor under stock prices Pre Market…
Non true gap higher into range ONL right down to VAL (Momentum buyers are still present) Monthly and Quarterly OPEX today – Could cause chop Pre Market Indications Opening In/Out…
Add on strength after yesterday’s FOMC announcement Ten year yields continue to drop as rate drops below 4% Piling on effect is quite apparent now VPOC’s starting to stack below…