Market Profile Analysis of S&P Futures – 11.21.16…

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Friday’s excess high still holding at 2187.50. This is the upside reference for today’s session.

Overnight inventory is close to 100% net long and the TPO POC from Friday is relatively prominent at 2180.50 which could be a touch point in today’s trade at some point to rebalance the overnight situation.

Market continues to one timeframe and is looking for that SPX cash all time high (2193.81) test.

Friday’s low was poor and should be carried forward. It is at 2177.50. A break of this level to repair it would put 2172.50 into play as it’s the first VPOC below us and also a prominent TPO POC from 11/16.