- Non true gap higher on balanced o/n inventory
- Concerns about another government shutdown
- Festering anxiousness about geopolitical environment
- Overnight low is quite far down from current prices indicating (for now) that there is little appetite for selling this market
| Pre Market Indications | ||
| Opening In/Out Balance | in balance | |
| Overnight Inventory | balanced | |
| Current Price/Overnight Range | upper third | |
| Shock and Awe | no | |
| Potential for Early Trade | no | |
| Short Term Bias | neutral | |
Scenarios
- The recovery off of the ONL is significant. Overnight activity always has less import than RTH activity but this is still something to carry forward into today’s session.
- The POC is the same (within two ticks) for last two RTH sessions. That strengthens that level as a reference. Look for trades that move price towards this area.
- The RTH Low is still weak even though o/n activity traded through it. There are back to back RTH Lows there.
| 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 | ||
| 6964.00 | RTH High | |
| 6945.25 | POC (2x) | |
| 6930.75 | Top of Single Prints | |
| 6925.00 | RTH Low / Weak Low | |
| 6911.00 | VPOC 01.21 | |
| 6879.00 | ONL | |
| Virgin Point of Control (VPOC) | ||
| 7010.00 | 01.15.26 | |
| 6986.00 | 01.16.26 | |
| 6911.00 | 01.21.26 | |
| 6829.25 | 01.20.25 | |
| 6790.00 | 12.17.25 | |
| Today’s ES and NQ Market Profile and Pivot Point Numbers | ||
| Value Area High | 6955.25 | 25803.75 |
| Point of Control | 6945.25 | 25730.75 |
| Value Area Low | 6937.75 | 25680.75 |
| R3 | 7004.00 | 26151.75 |
| R2 | 6984.00 | 25998.75 |
| R1 | 6965.00 | 25868.50 |
| Pivot | 6945.00 | 25715.50 |
| S1 | 6926.00 | 25585.25 |
| S2 | 6906.00 | 25432.25 |
| S3 | 6887.00 | 25302.00 |
