Not much to add since yesterday. We continue to stay in Balance 1392 to 1403. Shown above is a merged Profile for the last 5-day Balance. Notice the small/narrow Value Area. We have closed on the highs for the last 2 days - Value was overlapping to higher today - clearly the market wants to go higher. The longer we stay in balance the more dynamic the breakout - Be prepared to "go with" a breakout from the 5-day Balance.
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, August 13, 2012
S&P Futures Update for Aug 14, 2012
Not much to add since yesterday. We continue to stay in Balance 1392 to 1403. Shown above is a merged Profile for the last 5-day Balance. Notice the small/narrow Value Area. We have closed on the highs for the last 2 days - Value was overlapping to higher today - clearly the market wants to go higher. The longer we stay in balance the more dynamic the breakout - Be prepared to "go with" a breakout from the 5-day Balance.
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