tried the L as first trade of the day. Was looking good but came back to hit my BE stop Waiting on open
trying L here at 45 my instincts don't like Long here but gotta take the signals I guess 7 point stop
"Your insights serve you well. Bury your feelings deep down. They do you credit, but they could be made to.. etc etc." Sorry, your nick made me think of that scene.
Last trading day of September today, so there's that. I would guess we trade back up to mid range from here. 4340 - 45.
A weak September often ends weak, hence my reference. As long as the LOD holds - there should be enough juice for a counter move higher. But it's looking dim now.
The first image is ES DAILY (rth). Note the peaks in the Volume profile of each bar. Note the "thinness" between here and the low made this week. I circled the zone. The second image is the 5 minute ES. This is a magnified look at the volume profile levels within the circled zone. Looks like today will be an Outside day in ES. Earlier, YM went OB.
Interesting prediction. That's a big dump from here. Granted, price was lower when you posted this. Last day of the month can have some unexpected effects, but looks like today will settle mid range, IMO.