MARKET PROFILE Friday, March 13, 2015

Friday, March 13, 2015

Posted by preznicek at 9:16 AM on Friday, March 13th, 2015

Good Morning
Value areas and POC figures for /ESH5 and /NQH5 are posted free every morning HERE.
I’m doing a webinar with WindoTrader on Wednesday, March 18th at 4:30pm EST. This will not be a software demo but rather an educational presentation showing the techniques I employ daily to trade /ES using market profile references together with market internals and charts to enter and exit trades. It’s free and you can register at this link: HERE.

click to enlarge

“p” formation of short covering rally yesterday. We’ll see if that brings in any new buyers today or we fade back into range. As always, all about where value develops.
Overnight inventory rather balanced and futures close to flat coming into bell.
Overnight low well above VAL so first inclination is that it’s holding at least thus far.
Halfback is right at VAL, so I’m putting more weight on VAL than I normally would.
Yesterday has two distributions. As such, pay attention to the single prints between them. We are currently trading right in the single prints here close to the open.

#investing #options #trading #price #action #commodities #/es #/cl #nq #qm #ferguson #obama