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Peter’s Premarket Perspective | Wednesday, January 13, 2021

By January 13, 2021No Comments

The Market Profile value areas and ShadowTrader Pivots for /ESH21 and /NQH21 Futures are posted free every morning

in the ShadowTrader Swing Trader newsletter.


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  Key Levels for Today
3824.50ONH / New ATH
3794.50TPO & Volume POC (2 sessions)
3768.00RTH Low


I could easily just have left yesterday’s commentary untouched and that would have been ok today. Absolutely no change yesterday as value was almost identical to the prior session. The balance area continues to get larger which should increase the size of the break when it comes.

Balance rules are in play and as such the Key Levels above are few by design. Think about all price action today in the context of the balance rules. Any activity within the balance area is responsive and the market telling us that it is waiting for more information before establishing value elsewhere.

Overnight inventory is very balanced and current prices on a small gap lower are trading in the middle to lower third of the overnight range. This M.G.I. has far less import than it would if we were opening out of range. Obviously, again a day to trade later rather than earlier.


    • Assume further balance while we remain within the balance area. Balance rules are in play. Go with any breakout from balance that has corresponding context of internals and tempo. Price action remaining within balance should be treated as responsive trade only.



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