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Value Areas and POC figures for /ESM8 and /NQM8 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost post over and over. Click on the title or text.
WWW.WINDOTRADER.COM/SHADOWTRADER – click to enlarge
The low was kind of poor yesterday, just three ticks of excess. We call that “lack of material excess”.
The value area stretched all the way down to the low tick of the day and the volume POC migrated much lower as well.
Entire range is a double distribution with a large single print spike between 2665.50 and 2671.50. Either end of that spike could be in play on a large rally back up through yesterday’s range.
Currently futures trading down $3.75 on a small true gap below yesterday’s RTH low. Gap rules do apply. Overnight inventory is very balanced, however.
I’m on the squawkbox for Brad this morning, I’ll go over possible scenarios at 9:15am EST there.
Have a great day,
peter
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