$ES_F $GC_F 2-24-10

24 02 2010

Yesterdays action left us with a classic long liquidation “b” profile on the Market Profile chart.  Today we could see exploration back up into and possibly through yesterday’s range, or we could see further selling, or both.   The 1087.50 naked VPOC is an obvious magnet to the downside.

$GC_F

Stalking a good short entry in gold.  Now that the key 1100 level has been breached, I’m looking for a strong move to the downside.  Will be watching for a pop up to the 1111 area for an ideal entry.  1107 and 1099 are also possible entry levels.  First target is 1080.

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