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Market Profile Analysis of S&P Futures – 03.09.18…

Value Areas and POC figures for /ESH8 and /NQH8 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.

Huge gap on non farm payrolls which the market likes. New contract /ESM8 up +19.00 currently. Gap rules apply.

The futures are opening right at the main downtrend line established since the all time high….

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Overnight inventory is actually pretty balanced with the advance all coming at once on the release of the 8:30am EST number.

The /NQM8 is also opening up right at resistance, in this case horizontal resistance from it’s all time high earlier in the year. The confluence of both of these resistance lines in both futures would bring in some early sellers, I would think. As with all large gaps, they are usually better off traded later rather than earlier anyways.

market profile

Have a great day,
peter


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