Pre-open Tuesday 29th September
Monday’s Value Area was higher but narrower and generated less volume.
The 4wk poc migrated to 1059 so that is now First Level S/R. If ES prints time early in the session today above 1059 that would suggest higher. Note also that ES found support in the p.m. yesterday and again pre-open today at the 1/2Range (1056) from Wednesday’s high which is often a bullish indicator in the short term. I won’t be short above that level.
I’ll be looking to see if price is accepted at these levels early on, or if there is a response from the Sellers above 1059.
