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Trading the Levels › GWW › Levels › Initial balance

GWW Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 6:49 AM ET · Initial balance = 9:30–10:30 AM ET
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On Nov 5 GWW's initial balance (first hour) was $1480.00 – $1499.98, a range of $19.98. The first 5-minute close outside it came at 11:15 AM ET, below the range.
Best for: intradayHold: same dayPrice $1440.00 · 15-min delayed
IB high1499.98
IB low1480.00
IB range$19.98
Price (15-min delayed)1440.00

GWW 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:30144014501460147014801490150010a12p2p1499.98IB high 1499.981480.00IB low 1480.001453.53
- - - IB high- - - IB lowShaded = first hour

Where GWW sits in its zone

The delayed price $1440.00 is above its daily zone ($1316.17 – $1365.42), 1.99 ATR over the top.

1316.17 · bottom 25%middletop 25% · 1365.42
  • Setups to watch: the zone broke to the upside. Watch for a retest of the zone top or a false breakout back inside.
  • Prior move: GWW moved up from $1332.56 (the last daily swing) to $1440.00, about 2.9 ATR. The move is not stretched yet.
  • Reversal check: a shooting star or bearish engulfing candle near $1365.42.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 2.1× on Nov 5).
  • Zone tests: price pushed above the zone top 1 time and fell back, and dipped below the bottom and recovered 3 times. Each test can weaken a zone.

Why initial balance matters

The initial balance is the range set in the first hour, when the most orders hit the market. How the rest of the day treats it tells traders whether it is a range day (price stays inside) or a trend day (price extends far outside).

How traders use it

  • A break and hold above the IB high is read as a trend day up; below the IB low, down.
  • A narrow initial balance often leads to a bigger move later in the day.
  • A break that fails and returns inside often rotates to the other side of the range.

What happened over the last 10 sessions

  • GWW traded above its initial balance on 5 of 10 days and below it on 7; both sides on 2.
  • The average IB range was $23.59.
  • Gap: GWW opened Nov 5 at $1481.75, a gap down of 0.5% from $1489.39; the gap was filled.
  • Round numbers nearby: $1400.00, $1450.00, $1500.00.

Combined conditions

  • The 30-minute opening range ($1480.00–$1499.98) sits inside the first hour. VWAP $1462.65.
  • The delayed price is above the daily zone: watch for a retest or a false breakout.
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How to trade around GWW's initial balance levels

1. IB breakoutA 5-minute close above $1499.98 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $1480.00 with volume is the breakdown signal; a quick reclaim is a failed break that often rotates to the IB high.

For more setups and trading strategies, click here →

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GWW initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 51499.981480.00$19.98NoYes
Nov 41520.011443.40$76.61YesNo
Nov 31383.921365.91$18.01YesNo
Nov 21389.231370.94$18.29NoYes
Oct 301384.451362.39$22.06NoYes
Oct 291363.651353.51$10.14YesYes
Oct 281351.161337.03$14.13NoYes
Oct 271365.111334.58$30.53NoYes
Oct 261369.741360.99$8.75YesYes
Oct 231361.841344.45$17.38YesNo

FAQ

What is GWW's initial balance today?

On Nov 5: high $1499.98, low $1480.00 (9:30–10:30 AM ET).

On SEPT: the initial balance draws on your chart at 10:30 AM automatically. Try it free →
What is the initial balance in trading?

The high and low of the first hour of regular trading, 9:30 to 10:30 AM ET.

On SEPT: combine the IB with VWAP and zones in one setup alert. Try it free →
How often does GWW break its initial balance?

In the last 10 sessions it went above the IB on 5 days and below it on 7 days.

On SEPT: test IB breakout odds on years of real data. Try it free →
What is the difference between the opening range and the initial balance?

The opening range is the first 5, 15 or 30 minutes; the initial balance is the full first hour.

On SEPT: both draw on the chart, so you can compare them live. Try it free →
What does a narrow initial balance mean?

Often a quiet first hour that leads to a bigger move later, as orders build up.

On SEPT: screen for stocks with a narrow IB and rising RVOL. Try it free →
What are the odds GWW trends beyond its IB?

Odds depend on the IB width, the gap, the trend and RVOL.

On SEPT: test the odds and find the conditions that improve them. Try it free →
Where is GWW in its zone now?

Above its daily zone ($1316.17 – $1365.42), based on the delayed price.

On SEPT: see GWW's zone position live and let GOAX alert you at the zone edge. Try it free →

Data: SEPT market data engine. Delayed data; real-time levels are on the SEPT platform. Times in Eastern Time. Educational information only, not investment advice. No odds or win rates are shown on this page.