We had some textbook market profile S/R levels trading today for the ES. Here was how the later part of the day played out.......(1336.50 and 1340.00 were MP levels for today).
First bounce off 1336.50......
http://www.charthub.com/images/2006/09/25/ES_317_VB_17.png
Second time at 1336.50 blasts through with huge positive delta.........
http://www.charthub.com/images/2006/09/25/ES_317_VB_18.png
1336.50 now acts as support........
http://www.charthub.com/images/2006/09/25/ES_317_VB_19.png
1340.00 is now resistance..........
http://www.charthub.com/images/2006/09/25/ES_317_VB_20.png
After 1340.00 fails to break, where do we trade back to???
http://www.charthub.com/images/2006/09/25/ES_317_VB_21.png
YES...1336.50........that was textbook MP today.............
http://www.charthub.com/images/2006/09/25/ES_317_VB_16.png
First bounce off 1336.50......
http://www.charthub.com/images/2006/09/25/ES_317_VB_17.png
Second time at 1336.50 blasts through with huge positive delta.........
http://www.charthub.com/images/2006/09/25/ES_317_VB_18.png
1336.50 now acts as support........
http://www.charthub.com/images/2006/09/25/ES_317_VB_19.png
1340.00 is now resistance..........
http://www.charthub.com/images/2006/09/25/ES_317_VB_20.png
After 1340.00 fails to break, where do we trade back to???
http://www.charthub.com/images/2006/09/25/ES_317_VB_21.png
YES...1336.50........that was textbook MP today.............
http://www.charthub.com/images/2006/09/25/ES_317_VB_16.png

