Pre-open Tuesday 1st September
Monday’s Value Area was lower and narrower on slightly increased volume. The whole day was spent below 1026.5.
Imbalances over the last six trading days now equal out at three instances of Significant Buying and three of Significant Selling. Interestingly, all six imbalances represent Ineffective activity; typical of a trading range.
Lower poc which may come into play is the controlling price since the July low at 994.5
