Tuesday Prep

The past couple of trading days have continued in a very similar way to the prior week with daily value moving higher. There was a double distribution left in yesterday's profile, split between an LVN at the opening price of 2554.75. The market so far overnight is mainly holding above that, with a range of just 54.25-57.00. 

On the right hand side of the chart above you can see the composite volume profile, which clearly shows 2549.00 as the most traded price up here. This would be a 'first stop' level on any break. If there is a break and the market powers through that point, that's giving a clue that sellers are a lot more dominant. 

Today's zones of interest are below. As stated last week, I'm preferring to wait for better trade location opportunities in ES which is going to take more patience than usual it would appear!