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| 3747.75 | ONHOvernight High. A term mostly used in describing the futures market which has an overnight session and trades almost around the clock. To be precise, in the /ES this is the high made between 4:30pm ES... / ATHAll Time High |
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| 3738.50 | Overnight HalfbackA term for the halfway point between the high and low of any session, could be a day session or an overnight session. On Peter's market profile charts it is always a dark yellow horizontal line at tha... |
| 3732.25 | RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. High |
| 3727.00 | TPO(MP) Stands for “Time Price Opportunity”. It is the smallest unit of measure displayed any market profile graphic, denoted by a single letter. Each TPO represents a point of time where the mar... POCPoint of Control, also known as the "fairest price to do business". It is the price level in the /ES where the greatest amount of volume in the prior RTH session traded. ShadowTrader measures the POC ... (Prominent) |
Today is a good session to look at the ongoing narrative which can offer us clues as to how the RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. session will play out. Overnight inventoryA way of measuring overnight activity in the futures market by just noting how much of the overnight activity happens to fall above the prior day's settlement value (4:15pm EST close) and how much fal... is 100% net long. Yesterday’s overnight inventoryA way of measuring overnight activity in the futures market by just noting how much of the overnight activity happens to fall above the prior day's settlement value (4:15pm EST close) and how much fal... was skewed very net long as well and the gap fill was minimal in relation to the gap. This increases the odds that we get a gap fill today. Watch the Overnight HalfbackA term for the halfway point between the high and low of any session, could be a day session or an overnight session. On Peter's market profile charts it is always a dark yellow horizontal line at tha... closely in early trade to see if it can be crossed which may signal the full fill to the RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. High. Yesterday’s TPO(MP) Stands for “Time Price Opportunity”. It is the smallest unit of measure displayed any market profile graphic, denoted by a single letter. Each TPO represents a point of time where the mar... POCPoint of Control, also known as the "fairest price to do business". It is the price level in the /ES where the greatest amount of volume in the prior RTH session traded. ShadowTrader measures the POC ... was prominent and could also be in play on further weakness.
The overnight session has notched yet another all time high and this should be carried forward in our narrative as well. Overnight ATH’s have longer odds of holding as the high of the move than RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. ones.
Value broke away cleanly from a prior multi day balance area. This is also noteworthy and a carry forward. Regardless of how the RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. session plays out, keep in mind that value unchanged to higher supports the continuation of this move. At this juncture, I would say that only value developing well below the RTHRegular Trading Hours. In the /ES this means the price action from 9:30am EST to 4:15pm EST only. Low and inside of the large gap would have any potential to change the narrative.
The gap is a true gapThere is a lot of discussion as to what constitutes a gap. Is it measured to the prior day's close, or to the prior day's high or low. Here at ShadowTrader we believe that it is always and only to a p... and gap rulesGuidelines to follow on any day that the futures open outside of the prior day's RTH range. Only opening outside of range is a true gap and puts gap rules in play. 1. Go with all gaps that don't fill ... are in play.
Scenarios
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- The first scenario is essentially laid out in the first paragraph above. While odds of a gap fill are increased, don’t get wedded to that and think that it HAS to happen that way. Not getting one or again being muted gives us a lot of M.G.I.Market Generated Information. about how weak sellers are currently. Remember gap rulesGuidelines to follow on any day that the futures open outside of the prior day's RTH range. Only opening outside of range is a true gap and puts gap rules in play. 1. Go with all gaps that don't fill ... #2 and #4.
- Any continuation play today (gap and go) may be signaled by a failure to move below Overnight HalfbackA term for the halfway point between the high and low of any session, could be a day session or an overnight session. On Peter's market profile charts it is always a dark yellow horizontal line at tha.... Monitor for continuation closely and make sure that internalsInternals refers to “market internals” and is a blanket term to collectively describe the advance decline, breadth, tick and cumulative tick. are strong and holding without deterioration. It will help if both /ES and /NQ are firmly in sync.
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