Review & Plan - Tuesday
The market continues to trade in a fairly tight range, around the current range VPOC and composite HVN at 2040.50. This is a pivotal area and the longer this balance continues, the greater the energy of a move out of balance when it comes. I've used arrows below for anticipated directional moves and reaction areas around this HVN.
The market could still pull back to the 2020, even 2012 area and keep the longer timeframe value move continue higher. We do also have a classic flag emerging on the 60 min chart below which is a continuation pattern usually. However, until we see a break of the channel either way, it doesn't help.
Zones I'm using for today are below: