Hi Smash, just wanted to clarify about True Gap from last week’s newsletter. Assuming when you refer to “session,” you mean RTH only—in that case, would Thursday’s RTH high of 7251.75 be considered a True Gap, since Friday’s RTH session opened, traded, and closed above it? Thanks again for your smashing ES newsletters.
Is there any way to share what other HTF levels you have for NQ? Was this from the same friend who provided the 2026 outlook ones for ES that are constantly referenced?
The levels come from a similar HTF model framework as the ES levels from last year, which is continuously developing.
This year I’ve chosen to only outline levels as they become relevant in real time. The main reason is to protect the integrity of the models. I’ve unfortunately had parts of my work resold and redistributed by others, so I’ve had to be more selective with how I share that information.
A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) gap is when price opens away from the prior day’s close, but can still overlap or trade within the prior day’s range, meaning there is no structural separation in the auction.
A true gap is generally considered more significant, as it reflects a clearer shift in market tone and a potential transition into a new auction area.
Hi Smash, just wanted to clarify about True Gap from last week’s newsletter. Assuming when you refer to “session,” you mean RTH only—in that case, would Thursday’s RTH high of 7251.75 be considered a True Gap, since Friday’s RTH session opened, traded, and closed above it? Thanks again for your smashing ES newsletters.
Correct, Thursday's RTH high at 7251.75 is the true gap.
Is there any way to share what other HTF levels you have for NQ? Was this from the same friend who provided the 2026 outlook ones for ES that are constantly referenced?
The levels come from a similar HTF model framework as the ES levels from last year, which is continuously developing.
This year I’ve chosen to only outline levels as they become relevant in real time. The main reason is to protect the integrity of the models. I’ve unfortunately had parts of my work resold and redistributed by others, so I’ve had to be more selective with how I share that information.
the lack of common courtesy and respect is such a shame. Thanks for the explanation.
Wouldn’t it be nice to have a private Discord room for the Smash-ers? 😄💥
Wonder if smash had tried to automize trading based on your such excelsior model, and is there something that for machines just hard to replicate?
Thank you as always!
Thanks Smash!
Thanks smash, this work is impeccable. I appreciate you sharing it!
what is true gap mean ? also how weekly smash levels are derived ? thank you
As detailed by Smash:
A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) gap is when price opens away from the prior day’s close, but can still overlap or trade within the prior day’s range, meaning there is no structural separation in the auction.
A true gap is generally considered more significant, as it reflects a clearer shift in market tone and a potential transition into a new auction area.