The market profile for NQ showed us what to do today. We opened in a spike up from yesterday. When we got acceptance in and above there it was a buy and it nearly made it to the Monday POC. Its still a buy here at 18384 as we look to that POC at 18473, then the VAH at 18527 and finally, Mondays high 18607. Weekly and monthly chart are in a strong trend up and...
The newish TPO charts are a great representation of the thory of Market Profile. TPO charts give you an idea of when buyers are stepping in and when a move up or down is running out of steam. Here is my take on last week's ES and how I will go into Monday.
Since the spike on 3/20 Fed meeting, the market has been in a balance from 5322.75 down to 5263 and all of...