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  • Small non true gap higher within range
  • Overnight activity is all fully within the VA; I would have expected more short covering than that (M.G.I.)
  • Value was essentially unchanged.  The tone shifts definitively when value changes.
  • The volume POCs and settlements almost identical in back to back RTH sessions.  These levels are important.
Pre Market Indications
Opening In/Out Balancein balance
Overnight Inventorybalanced
Current Price/Overnight Rangeupper third
Shock and Aweno
Potential for Early Tradeno
Short Term Biasbearish but at a key support level


  • My initial take this morning is that I am surprised that we aren’t higher.  That in and of itself is M.G.I. that I am carrying forward into the session.  O/N inventory is balanced and in a compressed range in the VA which indicates more balance rather than nervous shorts.
  • The RTH High is a long entry as it would represent the level that would cease one time framing.
  • Either of the back to back settlements or POCs may be targets on trades today.  I would assume potential for a more short bias below those POCs.
Today’s Market Profile Chart

The chart provided is from WindoTrader. CLICK HERE to learn more about the ShadowTrader discount. Interpret the chart above with the Market Profile Key.

Key Levels for Today
4331.75RTH High
4320.25Settlement 2x
4314.25POC 2x
4302.25ONL / VAL
4277.00RTH Low / SPX Trendline Support
Virgin Point of Control (VPOC)
Today’s ES and NQ Market Profile and Pivot Point Numbers
Value Area High4328.2514782.00
Point of Control4314.2514735.00
Value Area Low4301.7514668.00