Free Samples

Peter’s Premarket Perspective | Monday, February 8, 2021

Peter Reznicek
Peter Reznicek
Co-founder/Head Trader, Peter's Premarket Perspective, Weekly Options advisory Email Peter Reznicek
Share on Facebook Share on Twitter Share on Google+ Share on Linkedin

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

in the ShadowTrader Swing Trader newsletter.

premarket

WindoTrader 702-800-4628 Speak with Terry about the ShadowTrader discount

 

  Key Levels for Today
3900.50 ONH / New ATH
3888.25 RTH High
3880.25 POC
3855.25 VPOC 2/4
3827.00 VPOC 2/3

 

True gap higher again to new all time high in the /ES. /NQ’s even a tad bit stronger and also setting a record. Overnight inventory is 100% net long and we are currently trading close to the middle of the overnight range.

As there is no upside reference for trade today other than the ONH, focus has to simply be on whether or not there is a gap fill and if so how much. Friday’s TPO POC was relatively prominent and could also be tested on any weakness. Beyond that we have VPOC’s starting to stack with two just in the last three RTH sessions. Any of those can be targets on any corrective activity.

  Scenarios

    • Gap rules are in play. There is potential for the early fade today. First one minute low or cross back through open after opening drive failure are both valid setups. Failure to take out the ONH early or crossing back into overnight range after doing so would both be potential confirming factors.
    • Obviously, potential is also there for gap and go. No way to know until the RTH activity starts. This will be the harder play to pull off as larger gaps often back and fill a lot as they meander higher. The ONH is the only upside reference and needs to be taken on increased tempo and very bullish internals in order to set up a trending move higher. Structure and VPOC’s indicate strong potential for a liquidation break so don’t be surprised.

 

 

forex trading strategies

Forex Trading Strategies by Blake Young

Use Blake’s techniques to create trading systems
Over 4 1/2 hours of instruction
Applicable to all markets (stocks, futures, forex)

Watch A Trailer
Think or Swim Logo

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!

Open An Account

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

Related Articles