Mar 9 Session Profile | /ES S&P 500 E-Mini Futures
Daily Market Prep:
A routine analysis for the day ahead.
Monthly Analysis:
/ES one time-framing lower. Visible excess at the highs.
Weekly Analysis:
/ES one time-framing lower. Visible excess at the highs.
Daily Analysis:
/ES went from bear to balance back to bear again after Friday’s break was followed by value and acceptance of initial downmove (Feb 28) spike.
Profile Analysis:
Value lower; Friday’s down-move confirmed by increased volume and bearish internals.
Reference List:
Overnight High 2928
Overnight Low 2819
October Swing Low 2855
3/6 Low, 3/2 Open 2899
Downside Fib Target 2710
VPOC at 2928
50% Gap Fill 2867
Scenarios:
Down-day. The 50% gap fill is a good target on larger gaps. If value does not get to unchanged (e.g., current and prior day value areas overlap each other), then expect a late-day sell-off. Noting overnight high and low. If the market can’t make it over the high (e.g., look-above and fail, that is a short point). Pay attention to rounded bottoms as people get too-oversold (i.e., when people get too short and the market fails to move lower, then you have everyone covering and you rocket to the upside). Bearish $VOLD would be 10:1, $ADD -2000, $TICK -1000.
Overnight Inventory:
Biased to the short side.
Market Open:
Opening out of balance, in relation to Friday’s range. Large gap to be followed by erratic morning trade as players digest the move. Usually not a good day to fade.
A routine analysis for the day ahead.
Monthly Analysis:
/ES one time-framing lower. Visible excess at the highs.
Weekly Analysis:
/ES one time-framing lower. Visible excess at the highs.
Daily Analysis:
/ES went from bear to balance back to bear again after Friday’s break was followed by value and acceptance of initial downmove (Feb 28) spike.
Profile Analysis:
Value lower; Friday’s down-move confirmed by increased volume and bearish internals.
Reference List:
Overnight High 2928
Overnight Low 2819
October Swing Low 2855
3/6 Low, 3/2 Open 2899
Downside Fib Target 2710
VPOC at 2928
50% Gap Fill 2867
Scenarios:
Down-day. The 50% gap fill is a good target on larger gaps. If value does not get to unchanged (e.g., current and prior day value areas overlap each other), then expect a late-day sell-off. Noting overnight high and low. If the market can’t make it over the high (e.g., look-above and fail, that is a short point). Pay attention to rounded bottoms as people get too-oversold (i.e., when people get too short and the market fails to move lower, then you have everyone covering and you rocket to the upside). Bearish $VOLD would be 10:1, $ADD -2000, $TICK -1000.
Overnight Inventory:
Biased to the short side.
Market Open:
Opening out of balance, in relation to Friday’s range. Large gap to be followed by erratic morning trade as players digest the move. Usually not a good day to fade.
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