Value areas and #POC figures for #/ESH5 and #/NQH5 are posted free every morning HERE.
A market full of only small opportunities as of late with ranges being rather tight. Note how the profile distributions show overlapping value with small value areas….
esterday’s high was poor, carry forward if we get back there.
Overnight #inventory is almost 100% #net #short. The #TPO POC is pretty prominent at 2109.75. I would expect this level to be retested today. A failure to take out the ONL could set up that move.
Tempo has been slow and moves have been small in this market. Thus tamper down your expectations. Doesn’t mean don’t take the trade if the distance from A-B is only 2 handles, just means get out at the two handles target and move on to the next trade. The volatility is what it is currently. In the same way that we come into a market and assess whether we should trade early or trade later, we also have to ask ourselves are opportunities small or large currently. Whenever you are trading inside smaller value areas with a market that is in balance, the #opportunities are generally going to be smaller.
#Responsive #trade against profile and technical references continues to work in this environment. Last day of the month so there could be some weirdness out there. Just worth mentioning.
Have a great day
#SPOCK #LEONARDNIMOY #MISSOURI
#SPOCK #LEONARDNIMOY #MISSOURI
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