Best Stock Hints Latest Tips To Buy & Invest Best Stocks Today
ShadowTrader 2016 Webinar Series – CLICK HERE
ShadowTrader is proud to be the exclusive affiliate to James Dalton in the offering of his Market Profile products.CLICK HERE and select “Market Profile” from the tabs along the left.
Market Profile Value Areas and POC figures for /ESZ6 and /NQZ6 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 remains in balance, with value basically unchanged for last two sessions and both of those sessions being inside of 11/10. Furthermore, three of the last four settlements are within two ticks of each other.
Overnight inventory is net long but not 100% so. Definitely more long than short. Current gap is +4.50 but we’re slated to open in balance. Am noting that the ONL at 2158.75 is one tick below the volume POC. Turns that happen at nuanced profile references are often reversed. Watch for that. If that level is retested, then it’s probably a short.
Overall, the market is holding up in a very bullish fashion. My comments from yesterday on the spike that should be carried forward still stand as the market has not traded back to that area at all.
Have a wonderful day,
peter
Source link
