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Market Profile Analysis of S&P Futures – 12.15.16

Peter Reznicek

Market Profile Value Areas and POC figures for /ESH7 and /NQH7 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

Some selling yesterday on the FOMC rate decision but not heavy. POC didn’t migrate lower and value was overlapping to down.

Overnight action is completely inside of yesterday’s range and overnight inventory is quite balanced. Market has broken one-timeframing but is just digesting recent gains as stronger sellers don’t seem to be present at the moment.

Yesterday’s overall RTH range is relatively large. Expect possibility of an inside day today, especially since we are due for one. As such, value area extremes and other market profile inflection points could be in play.

Have a nice day,
peter

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Peter Reznicek

Peter Reznicek is the founder of ShadowTrader.net and writer of Peter's Premarket Perspective, a morning market profile blog to help people plan their trading day and organize their thoughts before the market opens. He can be reached at asktheshadow@shadowtrader.net.

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