Home / Newsletters / Market Profile Analysis of S&P Futures – 03.27.17…
dalton2017_2.jpg

Market Profile Analysis of S&P Futures – 03.27.17…

Market Profile Value Areas and POC figures for /ESM7 and /NQM7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost post over and over. Click on the title or text.

market profile

If you have not seen my video from yesterday, I highly recommend you view it before the bell today. Everything important about the break of support and how to trade it is discussed there. I’ve reposted it below for those who have not viewed it……..

Futures gapping down 21 handles currently and are about six handles off of the ONL.

Gap rules apply especially the last one about gaps larger than $10.

2300 in the SPX cash is where the market “should” go but anything can happen. Having broken the aforementioned support, there is little congestion on the charts to the left until that 2300 area. Note that’s cash, not futures.

2332.25 is the key level above us. If the downdraft is to continue to target then there should be no acceptance above that level at all today. Given that we traded there arguably 6 times recently, I think that we shouldn’t go anywhere near there even for a short while. Short covering that can run that high would tell us a lot about the market. Overnight inventory is not only 100% net short but even gapped down quite a bit right on the 6pm EST open last night. Keep that in mind in the early trade. Some backing and filling would be normal, if none comes in then it’s a “go with” trade probably all day today.

Advertisement

NFL Jerseys 2019