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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.
Futures are off double digits currently and again we are trading back in the center of the larger range. Obviously we are also slated to open right in the middle of yesterday’s range. Futures are actually trading very close to halfback right now. In the bigger picture, the market is still balancing and we know nothing as of yet pertaining to what the next move will be.
Overnight inventory is net long but not nearly close enough to 100% to matter. As our gap is not a true gap currently, the inventory position has less import anyways.
Responsive trade seems to be the play here so if you are trading in the day timeframe, I suggest that this be your M.O.
Given where we are in the range and how markets are acting, I’ll leave it right here.
Have a great day,
peter
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