Skip to main content
Free Samples

Peter’s Premarket Perspective | Wednesday, December 28, 2022

By December 28, 2022No Comments

The Market Profile value areas and ShadowTrader Pivots for /ESH23 and /NQH23 Futures are posted free every morning in the ShadowTrader Swing Trader newsletter.


WindoTrader 702-800-4628 Speak with Terry about the ShadowTrader discount or CLICK HERE to learn more.

Click HERE for a market profile key that will help you interpret the chart above.

  Pre market indications

Opening In/Out Balancein balance
Overnight Inventorybalanced
Current Price/Overnight Rangeupper third
Shock and Aweno
Potential for Early Tradeno
Short Term Biasneutral to bearish

  Key Levels for Today

3904.00VPOC 12.21
3893.50Bottom of Single Prints 12.21
3872.50Double Top / Lack of Material Excess (2x) 
3837.25RTH Low

Ongoing Narrative / Commentary

Flattish open on very balanced overnight inventory that is fully within range.  Day timeframe odds of success will increase the later you get into the session as there is little premarket indication as to how the early trade will go.  

Yesterday’s RTH distribution left a second poor-ish high in as many days.  We call that lack of material excess if there are about 2-4 ticks of excess.  Printing these sessions back to back is very noteworthy and should be entered into your narrative.  Both sessions are in need of repair and when they stack like that the effect is often exponential.

Above current prices we continue to leave plenty of market profile nuance such as Single Prints and VPOC’s untested.  Think of that as short term bearish.  More accurately, bearish until it isn’t.  Those areas should be getting tested, so the lack of interest is bearish and if they get cleaned up then it is less so.


  • 12.14 4078.00
  • 12.12 3989.25
  • 12.15 3927.00
  • 12.21 3904.00


  • With back to back RTH Highs that are lacking material excess, the setup for a long trade is obviously over these levels.  Monitor for continuation and target sequentially, starting with the Bottom of the Singe Prints from 12.21 and on from there.  
  • Holding inside of range today would continue the neutral to bearish tone.  Pay close attention to what the /NQ is doing today as it has been much relatively weaker recently.   The lows of 10.13 as discussed in the video above would be in play.

Iceberg Tick

A game changer if you use the TICK as a market internal. Paints time spent above zero in green and time below in red. Traders who know how to use the TICK know that this is what really matters in terms of sustaining intraday direction, not how high or low the extremes are.