Overnnite (O/N) Trade is contained within y'days range but occurred almost entirely above y'days Settle/Close. There was no follow thru to the downside in the overnite session. An ideal short would be for a failure above the O/N High. Price acceptance above the O/N high brings the Gap above into focus. An ideal long would be a failure to find acceptance below the 1298-1300 level. Y'days POC was very prominent. Any Opening away from the POC may bring Price back to tag the POC.
TRADING E-MINI S&P FUTURES USING MARKET PROFILE. GET DAY TRADING STRATEGIES AND UPDATES PRIOR TO THE OPEN, AND KEY SHORT TERM MARKET OPPORTUNITIES. DISCLAIMER: Any materials and information you obtain at this website is exclusively for educational purposes. You further acknowledge that any trading or investment decisions you make are totally your own and it is further understood and agreed that the author Atul Malhotra is not liable for any damages or losses that you may incur.
Tuesday, June 26, 2012
S&P Morning Update for June 26, 2012
Overnnite (O/N) Trade is contained within y'days range but occurred almost entirely above y'days Settle/Close. There was no follow thru to the downside in the overnite session. An ideal short would be for a failure above the O/N High. Price acceptance above the O/N high brings the Gap above into focus. An ideal long would be a failure to find acceptance below the 1298-1300 level. Y'days POC was very prominent. Any Opening away from the POC may bring Price back to tag the POC.
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