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Wednesday, June 01, 2011

YM, ES, NQ & TF Monthly Volume Profile POC's...

The Monthly Volume Profile POC's for YM are shown on the Daily chart below (red horizontal line)...May's POC is 12593 and price closed just below that level on Tuesday:


The Monthly Volume Profile POC's for ES are shown on the Daily chart below (red horizontal line)...May's POC is 1339.75 and price closed above that level on Tuesday:


The Monthly Volume Profile POC's for NQ are shown on the Daily chart below (red horizontal line)...May's POC is 2367.25 and price closed above that level on Tuesday:


The Monthly Volume Profile POC's for TF are shown on the Daily chart below (red horizontal line)...May's POC is 836.60 and price closed above that level on Tuesday...furthermore, April's POC is 843.00 and Tuesday's closing price was also above that level:


No doubt these POC levels will play a pivotal role during the month of June...acting as either support, resistance, or possibly even a mid-point in a Daily sideways channel.