Monday, March 2, 2020

TPO Profile Update On ES

Looking at the TPO profiles we can identify Friday as balanced proile. The market opened inside of value and found support at the VAL close level to surge higher above Friday's high. After six days of a strong trend lower we can see a test of a high again. However, the market found resistance and seen a pullback into value again. The market found support at the VPOC (volume profile based) and testing the upper balance extreme once again. Let's see how the market will behave here as it confluent with the developing daily VAH level of the daily VWAP.

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