Overnight Inventory is 100% Short but the range was contained within Friday's Upper Distribution. As mentioned in last night's blog post- any meaningful change will occur if price is accepted below 1376 and possibly a test of 1373.75. If we Open now we will Open at the center of the Upper Distribution - which denotes Balance. Your early references for the Pit Session are Friday's High and Close and the 1373.75 -1376 area.
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.
Monday, July 30, 2012
S&P Morning Update for July 30, 2012
Overnight Inventory is 100% Short but the range was contained within Friday's Upper Distribution. As mentioned in last night's blog post- any meaningful change will occur if price is accepted below 1376 and possibly a test of 1373.75. If we Open now we will Open at the center of the Upper Distribution - which denotes Balance. Your early references for the Pit Session are Friday's High and Close and the 1373.75 -1376 area.
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