ES Mon 8-15-11
Not much to say at 3:26 am on Monday morning. Narrow value area relative to previous days. overnight opened in the value area and is now just above it. Will need to wait for the open to see what will happen. The red dashed line is the VAH and the blue is the POC and the green is the VAL.
Housing market index at 10am:
http://www.mypivots.com/economic-events
Housing market index at 10am:
http://www.mypivots.com/economic-events
Click image for original size
The Empire State Mfg Index is worth watching out for also at 8:30 ET. It tends to help indicate GDP trends and the market has been quite macro focused.
lisa, what do you mean by "in the void" ? thanks
Ayn, look to the left of the chart (it is an RTH chart), there is a gap between yesterday's action and dat 8/4 action. Close on 6/4 was 1197.25. I expect we will fill this gap today
we are now struggling with 6/4 low of the day
sorry typing fast close on 8/4 was 1197.25
got it, thanks
Ayn, moves in the VOID are usually fast, so I was trying to catch an entry. It is similar to "single print", often better and more reliable.
my volume POC, as per chart, is 1197.75, will exit my trade around there
lisa you get in down by the VWAP before??
tradestation has price and volume distribution that looks the same as market profile its a little hard to tell
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