posted 9.28 a.m. est
Pre-open Thursday 15th October
Over the last four days I have marked four instances of Significant Buying.
The gap up yesterday makes me hesitant to say that Wednesday’s green-at-top high is “very” likely to be tested today because the 80% rule on that one doesn’t work as well after a gap day. But with Buyers this active and no response from the Sellers I expect it will be tested soon.
Should ES decide to fill the gap before testing 1100 then this week’s poc at 1070 might be the level to watch for support.
As I have said I am not interested in the short side until Effective Selling is marked.
