We’ll start with a short video and then add a little more context below that via market profile/volume profile analysis and recent X posts.
The examples in this post are from the session on 02/02. The market had opened above prior day value after higher than expected nonfarm payroll numbers. The unemployment rate remained the same.
HTF context via market profile and volume profile
The market filled a prior single print before the open and failed to test prior day VAH. The market is giving clues that it wants higher prices. It will be especially bullish if the market can continue putting in a lot of volume above the weekly VPOC and above the weekly HVN above 4960.
Here’s a couple of recent posts (to add more context) from X which are from the same session. Adding these for anyone who may have missed them.
The way buyers/sellers show up aggressively often tells us where the auction wants to move.
— JesterTrading (@jestertrading33) February 11, 2024
In the ES example below, Bonds were selling off below structure as large index/equities participants were blasting into the highs (in addition to positive data/news). Shorting in a spot… pic.twitter.com/C10krTjPHv
Here's what the market looked like after breaking above 45. Buyers took control and we kept pushing higher for almost the entire session. I'll post a blog post later with more details on this trade idea. https://t.co/rQXb4JQzrL pic.twitter.com/ARtHg7Jtjq
— JesterTrading (@jestertrading33) February 11, 2024
Follow me on X/Twitter if you don’t want to miss a post. I will always mention when new posts are released on X/Twitter.