In Globex trading through about 7:15 AM, EST, the ES has developed a tight auction range with its high right into the mid point of the larger HVN of the profile (auction structure) that contains the recent high. The ES needs to exceed 1457 to signal the recent high will be tested or exceeded. A trade below 1443 is a short-term sell signal.
Market Profile / Auction Market Analysis: ES, Sept. 25, 2012
by Tom Alexander | Sep 25, 2012 | Market Profile, Public Post, Trader Education | 0 comments