iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,789 Blog Posts

Changing Character of the Market

There was a notable shift in the character of the S&P last week as we reached new heights.  There was a compression to the daily ranges, a drop off in the volume, a decrease in broad equity participation, and well structured auctions.

Starting yesterday evening with a small burst of strength, the globex session managed to print a six handle range which balanced out and shows a slight edge going to the sellers.

Longs want to see 1686.50 holding as support.  Otherwise we may begin retesting the pockets of low volume below in the composite profile built late last week.

Above, we have the current globex high at 1694.25 then the measured move target of 1696.  The close proximity of the measured target to the 1700 century mark means we should all have the level on our radar if the market sees early strength.

I’ve highlighted the levels I’ll be watching using the 24 hour profile today, to give visualization to the balanced overnight session.

ES_MarketProfile_07222013

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. Twerksum

    No comments, imagine that….probably because no one reads ur shit fuckboy, smdh

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      The AM session has played into the above strategy lockstep, bid against 1686.50 and see if we can rotate it higher, this isn’t rocket science, short below.

      • 0
      • 0
      • 0 Deem this to be "Fake News"