ES Emini Trading Room Weekly Range

As Market Profile Traders and in our Market Profile Trading Room we understand exactly what the emini es is telling us. That is correct, we do not tell the es emini market what we are going to do as day traders, but we let the futures market tell us what to do. At emini trading school we are the number #1 Market Profile Emini Trading Room on the Internet. We are willing to go out on the limb and do what we see and not what we think.
The Emini Trading School sees the December Emini ES contract trading in a range from 1174.00 to 1193.00 for the balance of this week. If the emini es market were to go any lower, we see support at 1169.00 and if the market were to go higher there is resistance at 1198.00. We will be using these numbers as guidance in our emini trading room with our market profile trading. The emini es market is still in an uptrend from the beginning of September, and hit a new high on Monday, but looks to be balancing. We view Market Profile as working in any timeframe so it will work in a weekly timeframe. Our calculations are based on a compilation of data along with known Market Profile Support and Resistance levels. We look at the previous weeks and determine a weekly range and then based on the early trading this week and key Market Profile levels we determine the weekly range that we will be looking for the balance of this week.  The range is smaller this week then last week so we may have reached the top.

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