- Non true gap lower on net short o/n inventory
- Overnight activity indicative of continued lack of follow through by sellers
- US and Iran far apart in talks to end war and open Strait of Hormuz
- Crude oil holding steady at $97
| Pre Market Indications | ||
| Opening In/Out Balance | in balance | |
| Overnight Inventory | net short | |
| Current Price/Overnight Range | upper third | |
| Shock and Awe | no | |
| Potential for Early Trade | no | |
| Short Term Bias | bullish | |
Scenarios
- Starting point should be fact that o/n activity was barely able to get out of Friday’s RTH range. While the tone of the RTH session could easily be different, for now stronger sellers are nor present.
- POC and Settlement and very close to one another. This area should act as a magnet on any strength. Look to end long trades there.
- The ONL is weak and is the key level for any potential change in tone. A breach here puts the first of nine (!) VPOC’s below us into play.
| 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 | ||
| 7427.75 | RTH High | |
| 7420.00 | POC / Settlement | |
| 7407.00 | Top of Single Prints | |
| 7391.75 | RTH Low | |
| 7390.50 | ONL / Weak Low | |
| 7360.75 | VPOC 05.07 | |
| Virgin Point of Control (VPOC) | ||
| 7360.75 | 05.07.26 | |
| 7287.00 | 05.05.26 | |
| 7230.00 | 05.04.26 | |
| 7077.75 | 04.16.26 | |
| 7002.25 | 04.14.26 | |
| 6923.25 | 04.13.26 | |
| 6773.50 | 03.17.26 | |
| 6630.00 | 04.07.26 | |
| 6430.00 | 03.30.26 | |
| Today’s ES and NQ Market Profile and Pivot Point Numbers | ||
| Value Area High | 7423.00 | 29365.00 |
| Point of Control | 7420.00 | 29285.00 |
| Value Area Low | 7413.00 | 29133.00 |
| R3 | 7470.25 | 30054.00 |
| R2 | 7449.00 | 29720.50 |
| R1 | 7434.25 | 29526.50 |
| Pivot | 7413.00 | 29193.00 |
| S1 | 7398.25 | 28999.00 |
| S2 | 7377.00 | 28665.50 |
| S3 | ||
