Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

ES Mini Futures – Short Term Sentiment likely to turn negative – Market Profile Analysis

June 5, 2022 27 sec read

ES-Mini formed multiple weaker visual references from 26th May onwards and currently balancing for the last 6 tradings sessions between a highly volatile 4075 – 4175 range

ES Mini Futures – Regular Trading Session

Looking into the current trading context too many crowded short-term buyers still holding on to their positions which could attract temporary profit booking.

ES-Mini Short Term Balance

Dominant Short Term Buyers and Short Term Late Momentum Buyers are trading the extreme of the short-term balance. Last friday ES-Mini futures formed an inside bar within the short term balance

ES-Mini Futures (Regular Session) – Short term balance

The odds are increasing on the downside breakdown from the short-term balance bringing down the price towards the levels 4070, 4030, and 3955 levels respectively and thereby revisiting all those multiple visual weaker references.