- 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 Balance | in balance | |
| Overnight Inventory | net long | |
| Current Price/Overnight Range | middle third | |
| Shock and Awe | no | |
| Potential for Early Trade | no | |
| Short Term Bias | bullish | |
Scenarios
- One time framing has been in efffect for six RTH Sessions now. Keep that in mind should there be any weakness towaards the RTH Low.
- Carry forward the fact that the ONL is right down to the VAL. That is a mark of shorter term momentum buyers. I am using this area as my key downside reference for today. Weakness below this level could be a short.
- Continue to hold poor structure below in your narrative. Any of the 12.12 areas can be targets on weakness below the RTH Low.
| Today’s Market Profile Chart |
The chart provided is from WindoTrader. CLICK HERE to learn more about the ShadowTrader discount. Interpret the chart above with the Market Profile Key.
| Key Levels for Today | ||
| 4791.75 | RTH High | |
| 4765.75 | ONL / VAL | |
| 4755.00 | Top of Single Prints | |
| 4746.255 | RTH Low | |
| Virgin Point of Control (VPOC) | ||
| 12.13.23 | 4699.75 | |
| 12.12.23 | 4682.75 | |
| 12.11.23 | 4660.25 | |
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| Today’s ES and NQ Market Profile and Pivot Point Numbers | ||
| Value Area High | 4784.75 | 16852.00 |
| Point of Control | 4775.25 | 16738.00 |
| Value Area Low | 4765.75 | 16730.00 |
| R3 | 4840.25 | 17125.25 |
| R2 | 4816.00 | 17001.25 |
| R1 | 4794.75 | 16876.00 |
| Pivot | 4770.50 | 16752.00 |
| S1 | 4749.25 | 16626.75 |
| S2 | 4725.00 | 16502.75 |
| S3 | 4703.75 | 16377.50 |
