Sunday, January 30, 2011

E-Mini S&P 500 Futures -- Balance Area Volume Profile

One of the metrics I keep track of is VPOC shifts from day to day, and a large VPOC shift typically provides edge in direction of the shift for the next few days. The VPOC on Thursday 1/27 was 1295.75, and it shifted down 23 points to 1272.75 on Friday 1/28. That being said, we still have to keep in mind that the market has been in an up-trend, and week over week, Value actually shifted higher. We have heavy Acceptance at 1270.50. The market may just consolidate within the 1267.50-1286.50 range for a few days until we get some real direction. A break below 1267.50 puts Sellers in Control. Good luck!

ES Volume Profile of the current Balance Area

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