Yesterday I was wondering if back to back P-shaped profiles might be a sign of weakness and we got our answer as both lows from those days were taken out. Sellers took ES down to the naked TPOC/VPOC from last Thursday. However, buyers stepped back in with a strong rally for a neutral extreme day. Overnight, ES has continued it’s rally from yesterday afternoon and looking to see if it can take out Monday’s HOD.
Let’s take a look at what to watch up for today and today’s key levels.
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