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Trading the Levels › JLS › Levels › Initial balance

JLS Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 1:53 AM ET · Initial balance = 9:30–10:30 AM ET
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On Nov 5 JLS's initial balance (first hour) was $16.60 – $16.60, a range of $0.00. The first 5-minute close outside it came at 10:30 AM ET, below the range.
Best for: intradayHold: same dayPrice $16.38 · 15-min delayed
IB high16.60
IB low16.60
IB range$0.00
Price (15-min delayed)16.38

JLS 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:3016.416.516.610a2p16.60IB high 16.6016.60IB low 16.6016.33
- - - IB high- - - IB lowShaded = first hour

Where JLS sits in its zone

The delayed price $16.38 is at the middle of its daily zone ($16.24 – $16.59).

16.24 · bottom 25%middletop 25% · 16.59
  • Setups to watch: direction is undecided in the middle. Wait for price to reach one edge, then decide between reversal and breakout.
  • Prior move: JLS moved up from $16.02 (the last daily swing) to $16.38, about 1.9 ATR. The move is not stretched yet.
  • Reversal check: a hammer or bullish engulfing candle near $16.24.
  • Reversal check: a shooting star or bearish engulfing candle near $16.59.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 1.1× on Nov 5).
  • Zone tests: price pushed above the zone top 0 times and fell back, and dipped below the bottom and recovered 0 times. Each test can weaken a zone.
  • Distance: 0.74 ATR to the zone bottom, 1.11 ATR to the zone top (ATR ≈ 0.19).

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

  • JLS traded above its initial balance on 6 of 10 days and below it on 4; both sides on 1.
  • The average IB range was $0.12.
  • Gap: JLS opened Nov 5 at $16.60, a gap down of 0.1% from $16.62; the gap was not filled.
  • Round numbers nearby: $15.00, $16.00, $17.00.

Combined conditions

  • The 30-minute opening range ($16.60–$16.60) sits inside the first hour. VWAP $16.39.
  • The delayed price is at the middle of the daily zone: wait for an edge.
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How to trade around JLS's initial balance levels

1. IB breakoutA 5-minute close above $16.60 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $16.60 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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JLS initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 516.6016.60$0.00NoYes
Nov 416.5716.47$0.10YesNo
Nov 316.5616.55$0.01YesYes
Nov 216.6016.40$0.20NoNo
Oct 3016.3616.25$0.11YesNo
Oct 2916.2916.08$0.21YesNo
Oct 2816.3316.20$0.13YesNo
Oct 2716.2116.12$0.09YesNo
Oct 2616.2816.14$0.14NoYes
Oct 2316.3716.14$0.23NoYes

FAQ

What is JLS's initial balance today?

On Nov 5: high $16.60, low $16.60 (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 JLS break its initial balance?

In the last 10 sessions it went above the IB on 6 days and below it on 4 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 JLS 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 JLS in its zone now?

At the middle of the daily zone ($16.24 – $16.59), based on the delayed price.

On SEPT: see JLS'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.