Yesterdays short S&P went AGAINST what the market profile was saying. Today, things look much more favourable. So let's try that again:
Short S&P futures @ 2064.75 for 2047 target.
Price at Wall St open was inside value area, but is attempting to reject Value to the downside in this first half hour of trading. Price is still in a high Quartile of the previous confirmed swing on the Daily chart, therefore shorts seem a natural play at these levels, if profile Value placement on the day permits.
Short S&P futures @ 2064.75 for 2047 target.
Price at Wall St open was inside value area, but is attempting to reject Value to the downside in this first half hour of trading. Price is still in a high Quartile of the previous confirmed swing on the Daily chart, therefore shorts seem a natural play at these levels, if profile Value placement on the day permits.