Tuesday Prep
A very balanced session yesterday with low volume and news flow giving few decent opportunities. The market traded around the composite high volume node at 2152.50, which is a useful short term pivot also marking yesterday's overnight low.
The 4hr chart with custom profiles below shows the key areas of intermediate support and resistance.
Overnight so far the range is 2153.00-59.75, holding above the CHVN at 2152.50 which is neutral/bullish. Zones of interest for me today are below. 2159 and 2166 are two CLVNs I would expect response from sellers, and a squeeze if holding above 2166 to press for the 2172.75 swing high/CHVN and beyond. Acceptance back below 2152.50 puts likelihood of rotation lower to repair yesterday's poor low and potentially test the larger time frame support areas below.