Pre-open Friday 11th December
ES has been trading in a range since early November. The poc for that period is 1108 which is First Level S/R today.
Buyers Responded on Wednesday at the bottom of the range, below value and overnight there was a higher low supported at 1102.
Waiting for Effective Buyers or Sellers to be marked is frustrating but prudent in a range like this and ES is showing typical ranging behaviour at the moment. Odds are back slightly in favour of the Bulls with ES trading above the halfway point of the range and the last imbalance being Buying (green).
Interesting to see if Sellers Respond again at 1108 or above.
