The Market Profile Point of Control (POC) finished near the highs of the session but the markets closed weak. Here is what has happened historically with that pattern.
Day - Wednesday
Opening Gap Direction - Up
Market Status - Yesterday created a unique pattern when the POC was in the top 25% of the range but the closing price for the ES was in the bottom 25%.
Instrument - ES, RTY, NQ, YM
Trading SetUp - Intraday
Market Trend - New Highs Continue
Trade Type - Long
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
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