Market Profile June 8th Recap and Plan for June 9th, 2026E-mini S&P 500 Futures (Jun 2026)CME_MINI:ESM2026JP_MarketProfileMarket Profile Review: June 8, 2026 Navigating the 2-Day Balance: ES and NQ Inside Days and How to Prepare for Tomorrow NQ1! ES1! This is the review of June 8th, 2026. Using the Market Profile, let’s review today's price action and look at what is ahead for tomorrow. The market opened inside Friday’s value. As is typical, opening within the previous day's value makes trading more difficult and choppy. We experienced decent ranges, but with Friday’s true range being so exceptionally large, both ES and NQ ended up being inside days with the majority of the session spent with unchanged value. The Day's Action: ES vs. NQ While both indices printed inside days, their underlying tone showed some divergence: ES ended up being a Neutral Extreme day to the downside, meaning it took out both Initial Balances (IBs) and closed below the IB Low. The MGI Score finished at 5-2. NQ traded at the lower end of the day’s range but finished by just taking the IB High, ending with a slightly bullish 4-1 MGI Score. Ultimately, we do not consider today a definitive win for either side. The inside day structure suggests we treat the current context as a 2-day balance on the daily timeframe. For both ES and NQ, the Balance High is Friday’s High, and the Balance Low is Friday’s Low. Key Anomalies: Both indices carry over a 9-wide Point of Control (POC) and an Afternoon Rally High. Higher Timeframe Context Weekly: Balance Monthly: Still Up At best, this setup gives the Bulls the opportunity to take out Friday’s high and shift the daily timeframe back to "up." This suggests they allowed the weekly to be placed into balance last Friday simply to release built-up pressure. However, that remains to be seen. We must diagnose the market one day at a time, starting with how both ES and NQ resolve this inside day and the overall 2-day balance tomorrow. Plan for Tomorrow ES (S&P 500) ES disconnected slightly from NQ today. Despite being an inside day, the close below the IB Low signals a mildly bearish tone. The Bear Case: If sellers want to reinforce their intent, they need to secure acceptance below today’s Value Area Low (VAL). They can lean on today’s 9-wide POC and the Afternoon Rally High as their line of defense. Their ultimate goal is to break the Daily Balance Low to put the daily timeframe back into a downward trend, and then target the Weekly Balance Low to shift the weekly context down. The Globex Monthly Low also sits below as a prime target. The Bull Case: Bulls must do the exact opposite. They need to win value by gaining acceptance above today’s Value Area High (VAH). They have the tougher job ahead: they must navigate through two open sets of single prints from Friday and ultimately take out Friday’s High to shift the daily trend back to "up." NQ (Nasdaq) NQ’s day was lightly bullish, underscored by the 4-1 MGI Score. However, it is currently trapped between the lower distribution and the uppermost distribution from Friday. This compression needs to be resolved on either side. The Bear Case: If sellers gain acceptance below today’s VAL, they will look to break Friday’s Low (the Daily Balance Low) to shift the daily down, just like ES. Sellers can lean defensively on the 9-wide POC from today and the Afternoon Rally High. Before reaching the Daily Balance Low, sellers must first chew through today’s Overnight 16-wide POC. After breaking the Daily Balance Low, the Weekly Balance Low becomes the next major target. The Bull Case: Buyers might look to defend the Daily Balance Low to avoid giving up the contextual lead. To take control, buyers need to climb above today’s VAH, attack the final set of single prints from Friday, and begin marching toward Friday’s High of Day (HOD), which currently serves as the Daily Balance High. Key Levels to Watch ES Key Levels Friday’s HOD / Daily Balance High: 7553.00 Lower End of the 1st Distribution: 7499.75 Upper End of the 2nd Distribution: 7477.75 VAH: 7462.50 Afternoon Rally High: 7447.00 9-Wide POC: 7442.00 VAL: 7430.00 Friday’s LOD / Daily Balance Low: 7379.75 GLOBEX Month Low / POOR: 7355.50 Week Balance Low: 7354.25 NQ Key Levels Friday’s HOD / Daily Balance High: 30100.50 Lower End of the 1st Distribution: 29758.00 VAH: 29680.75 Afternoon Rally High: 29624.25 9-Wide POC: 29580.25 VAL: 29469.25 Friday’s LOD / Daily Balance Low: 28974.25 GLOBEX 16-WIDE POC: 28781.25 Friday’s Maintenance Monthly Low: 28781.25 Week Balance Low: 28663.00 Closing Thoughts Inside days require patience. We are effectively sitting in the middle of a 2-day balance, waiting for the market to declare its true intentions. Do not front-run the breakout. Wait for acceptance outside of today's value, watch how the anomalies are handled, and let the Market Profile and the MGI score guide your setups. Don't start with a bias; let the data guide you.