$GC_F daily volume profile chart and outlook

28 10 2011

The fibs and the volume profile are lining up nicely at the moment. The pit session really shows how 1750 is the main pivot right now. There are major gaps to the upside and downside that also coincide well with low volume areas. If we get past 1754, 1787 could be next, followed by 1812 and the primary magnet above at 1825 or so. Below, 1700 is the obvious next battleground, followed by gaps below there at 1636 and 1613. I’ll be watching for a breakout in the currently declining volume to signal a major change in the story.