Thin Structure Repair & ATH Proximity

GC1! MGCG2026

Market Structure (The Problem):

The rally into this new high was built on a very thin profile. The auction moved higher emotionally on low holiday volume, leaving a series of single prints/low volume nodes (LVN) below current price.

The Theory:

In Market Profile, "thin" structures are fragile. The market often needs to rotate back down to "repair" this structure—backfilling the volume to prove that buyers actually exist at these higher prices.

Context & Seasonality:

ATH Proximity: We are striking distance from All-Time Highs. The air is thin up here, and without strong volume support, a breakout is prone to failure.

Time Constraint: We have a short trading window (runway) before Christmas and Year-End book squaring. Liquidity will likely be sporadic.

Plan & Execution: Heading into the US Open, I am cautious of this rally.

Stance: Flat / Monitoring.

The Setup: I am looking for a correction to repair the thin profile below.

Execution: If the market rotates down and finds acceptance (buyers) within that thin structure, it validates the trend. If it slices through, the rally was a fake-out.

Let's see how the auction develops today.

Talk to you for the next update.