Pre-open Wednesday 18th November
Yesterday’s comments are relevant.
The day session high on Tuesday was 1109 – just above the First Level Resistance marked yesterday at 1108.50. Following Monday’s gap higher I marked no Significant Buying or Selling activity on Tuesday but ES is printing Value Areas above last week’s range (same as last week) and that’s strength so far this week.
Dayframe: First Level S/R is now 1106.5 which is the 2dypoc and happens to be the centre of the range AB. I’m not initiating new longs until green has been marked, that may leave me watching the market go higher if ES finds early support at 1106.5 but so be it.
