Review & Plan - Wednesday
A slow day's trade yesterday after the gap lower on the open saw the low from Friday tested and defended, then a slow grind back towards the prior VPOC at 2006.75.
Zones for today are below. We are in a short term balance since Friday (custom volume profile shows value area in blue). My bull/bear zone for today is 1995-98.. Core CPI came out higher than expected, which triggered an initial move lower overnight. FOMC later so not looking to trade over that.
The overnight range is currently 1998.25-11.75 versus settle at 2006.00 on low relative volume.