- Non true gap lower on 100% net short o/n inventory
- Downturn in cryptocurrencies tempers some of the speculative impulse
- The Trump administration announced there will be a $100,000 fee for H-1B visas. The fee is a one-time fee (not per year) and applies to new petitions (not existing H-1B visa holders).
- No economic data releases today
| Pre Market Indications | ||
| Opening In/Out Balance | in balance | |
| Overnight Inventory | 100% net short | |
| Current Price/Overnight Range | lower third | |
| Shock and Awe | no | |
| Potential for Early Trade | no | |
| Short Term Bias | bullish | |
Scenarios
- The spike high from Friday is a legitimate excess high and was made in an RTH session. Start there in that it could be at least short term secure.
- The ONH is the main upside reference and is a weak high due to proximity with Settlement and POC.
- The RTH Low is weak and is a short trigger as Friday’s RTH action failed to find acceptance within the Thursday single prints. Monitor for continuation and see if those single prints are fully repaired or now. Failure to do that, and rejecting back upwards would be a buy signal.
| 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 | ||
| 6731.50 | RTH High / ATH | |
| 6727.00 | Base of Spike | |
| 6721.50 | Settlement / POC / ONH / Weak High | |
| 6687.25 | RTH Low / Weak Low | |
| Virgin Point of Control (VPOC) | ||
| 6661.25 | 09.17.25 | |
| Today’s ES and NQ Market Profile and Pivot Point Numbers | ||
| Value Area High | 6731.00 | 24831.00 |
| Point of Control | 6721.50 | 24820.00 |
| Value Area Low | 6703.00 | 24745.50 |
| R3 | 6785.00 | 25114.00 |
| R2 | 6758.25 | 25001.00 |
| R1 | 6740.75 | 24934.00 |
| Pivot | 6714.00 | 24821.00 |
| S1 | 6696.50 | 24754.00 |
| S2 | 6669.75 | 24641.00 |
| S3 | 6652.25 | 24574.00 |
