Market Profile Analysis of S&P Futures – 12.30.16

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

12/28 liquidation break proving to be not much more than that for now as yesterday’s RTH prices were not able to close below that day’s low while settling out at basically unchanged.

This morning is showing overnight inventory at 100% net long. The usual rules apply. The ONH is at 2252.75 and if it cannot be taken early (or prices rise above it and then fall below it), the odds of an inventory correction increase. On a follow through move higher, I would be targeting 2254.25 which is the top of the spike from 12/28.

This is the last trading day of the year. I honestly don’t know if that means anything or if volume comes in a bit higher or what. Overall, I’m not expecting any major commitment to positions or longer term players emerging now. It is also the last day of trade before a 3 day weekend which usually spells lower volume chop.

Happy New Year……
peter

TD Ameritrade, Inc. and Shadow Trader Technologies LLC are separate, unaffiliated companies and are not responsible for each other’s services and products

Don’t Have a TD Ameritrade Account?

Do you put on a blindfold when you drive too? Open an account with TD Ameritrade today and get everything ShadowTrader has to offer including the live SquawkBox and more!

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.

View all author Posts