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Market Profile for E-mini S&P500 (ES) 16-Aug-07


Always interesting and useful to keep a market profile of big days to hand so that we can easily refer back to it. Today's range during RTH was 58.5 points! There's also a very interesting Single Print left below us at 1410.25 - this is interesting because 1410.00 turned out to be a resistance point at 14:16 EST and is now a support level per Single Print rules. i.e. before it because a Single Print (and support price) it proved to be a resistance level. Not sure if anyone else has reasons for this level being a key level to watch below us?

Market Profile for E-mini S&P500 (ES) 16-Aug-2007

[1433.00] R
[1432.75] R
[1432.50] R
[1432.25] R
[1432.00] R
[1431.75] R
[1431.50] R
[1431.25] R
[1431.00] R
[1430.75] R
[1430.50] R
[1430.25] R
[1430.00] R
[1429.75] R
[1429.50] R
[1429.25] R
[1429.00] R
[1428.75] R
[1428.50] R
[1428.25] R
[1428.00] R
[1427.75] R
[1427.50] R
[1427.25] R
[1427.00] R
[1426.75] R
[1426.50] R
[1426.25] R
[1426.00] R
[1425.75] R
[1425.50] R
[1425.25] R
[1425.00] R
[1424.75] R
[1424.50] R
[1424.25] R
[1424.00] R
[1423.75] R
[1423.50] R
[1423.25] R
[1423.00] R
[1422.75] R
[1422.50] R
[1422.25] R
[1422.00] R
[1421.75] QR
[1421.50] QR
[1421.25] QR
[1421.00] QR
[1420.75] QR
[1420.50] QR
[1420.25] QR
[1420.00] QR
[1419.75] QR
[1419.50] QR
[1419.25] QR
[1419.00] QR
[1418.75] QR
[1418.50] QR
[1418.25] QR
[1418.00] QR
[1417.75] QR
[1417.50] QR
[1417.25] QR
[1417.00] QR
[1416.75] QR
[1416.50] QR
[1416.25] QR
[1416.00] Q
[1415.75] Q
[1415.50] Q
[1415.25] Q
[1415.00] Q
[1414.75] Q
[1414.50] Q
[1414.25] Q
[1414.00] Q
[1413.75] Q
[1413.50] Q
[1413.25] Q
[1413.00] Q
[1412.75] Q
[1412.50] Q
[1412.25] Q
[1412.00] Q
[1411.75] Q
[1411.50] Q
[1411.25] Q
[1411.00] Q
[1410.75] Q
[1410.50] Q
[1410.25] Q
[1410.00] MQ
[1409.75] DMQ
[1409.50] DMQ
[1409.25] DMQ
[1409.00] DMQ
[1408.75] DMQ
[1408.50] DMQ
[1408.25] DMQ
[1408.00] DMQ
[1407.75] DMQ
[1407.50] DMQ
[1407.25] DMQ
[1407.00] DMQ
[1406.75] DGMQ [DVAH]
[1406.50] DGMQ
[1406.25] DGMQ
[1406.00] DGMQ
[1405.75] DGMQ
[1405.50] DGMQ
[1405.25] DGMQ
[1405.00] DGMQ
[1404.75] DGMQ
[1404.50] DGMNQ
[1404.25] DGMNQ
[1404.00] DGMNQ
[1403.75] DGMNQ
[1403.50] DGMNQ
[1403.25] DGMNQ
[1403.00] DGMNQ
[1402.75] DGMNQ
[1402.50] DFGMNQ
[1402.25] DFGMNQ
[1402.00] DFGMNQ
[1401.75] DFGMNQ
[1401.50] DFGMNQ
[1401.25] DFGMNQ
[1401.00] DFGMNQ
[1400.75] DFGMNQ
[1400.50] DEFGMNQ
[1400.25] DEFGMNQ
[1400.00] DEFGMNPQ
[1399.75] DEFGMNPQ
[1399.50] DEFGMNPQ
[1399.25] DEFGMNPQ
[1399.00] DEFGMNPQ
[1398.75] DEFGMNPQ
[1398.50] DEFGHMNPQ
[1398.25] DEFGHLMNPQ [DPOC]
[1398.00] DEFGHLMNP
[1397.75] DEFGHLMNP
[1397.50] DEFGHLMNP
[1397.25] DEFGHLMNP
[1397.00] EFGHLMNP
[1396.75] EFGHLMNP
[1396.50] EFGHLMNP
[1396.25] EFGHLMNP
[1396.00] EFGHLMNP
[1395.75] EFGHLMNP
[1395.50] EFGHLMNP
[1395.25] EFGHLMNP
[1395.00] EFHLMNP
[1394.75] EFHLMNP
[1394.50] EFHLMNP
[1394.25] EFHLMNP
[1394.00] EFHLMNP
[1393.75] EFHLMNP
[1393.50] EFHILMNP
[1393.25] EFHILMNP
[1393.00] EFHILMNP
[1392.75] EFHILMNP
[1392.50] EFHILMNP
[1392.25] EFHILMNP
[1392.00] EFHILMNP
[1391.75] EFHILMNP
[1391.50] EFHIKLMP
[1391.25] EFHIKLMP
[1391.00] FHIKLMP
[1390.75] FHIKLP
[1390.50] FHIKLP
[1390.25] FHIKLP
[1390.00] HIKLP
[1389.75] HIKLP
[1389.50] HIKLP
[1389.25] IKLP
[1389.00] IJKLP
[1388.75] IJKLP
[1388.50] IJKLP
[1388.25] IJKLP
[1388.00] IJKLP
[1387.75] IJKLP
[1387.50] IJKLP
[1387.25] IJKLP
[1387.00] IJKLP
[1386.75] IJKLP
[1386.50] IJKLP
[1386.25] IJKLP
[1386.00] IJKLP
[1385.75] IJKLP
[1385.50] IJKLP
[1385.25] IJKP
[1385.00] IJKP
[1384.75] IJKP
[1384.50] IJKP
[1384.25] IJKP [DVAL]
[1384.00] IJKP
[1383.75] IJKP
[1383.50] IJKP
[1383.25] IJKP
[1383.00] IJKP
[1382.75] IJKP
[1382.50] IJKP
[1382.25] IJKP
[1382.00] IJKP
[1381.75] IJKP
[1381.50] IJKP
[1381.25] IJKP
[1381.00] IJK
[1380.75] IJK
[1380.50] IJK
[1380.25] IJK
[1380.00] IJK
[1379.75] IJK
[1379.50] JK
[1379.25] JK
[1379.00] JK
[1378.75] JK
[1378.50] JK
[1378.25] JK
[1378.00] JK
[1377.75] JK
[1377.50] JK
[1377.25] JK
[1377.00] JK
[1376.75] JK
[1376.50] JK
[1376.25] JK
[1376.00] JK
[1375.75] JK
[1375.50] JK
[1375.25] K
[1375.00] K
[1374.75] K
[1374.50] K

Not sure if this qualifies as a "reason" per se, but 1409.25 is the 50% mark between the October, 2005 low and the high of last month. (FWIW, last week's low tagged the 61.8% retrace level for that same span almost to the tick.)
poster: I definitely think that's another reason. The 50% and 61.8% are major "watch points" against the longer time frames. They are points that every stock tip advising newsletter picks up on so it is almost dint of force that makes the market at the very least hesitate there. Thanks for point that out for us!