Review & Plan - Wednesday
The day session chart above shows the breakaway, unfilled gaps left from the recent rally. For longs to maintain control short term, the upper distribution would need to hold or risk a potential liquidation break to fill in the gaps below.
Yesterday failed to reach the all time high and saw some liquidation back towards the most traded price of this upper range at 2087.50
The longer term bias is still bullish and the short term is neutral following yesterday's failure to take out the all time high.
Zones for today are below. Whether the market holds the 85.50-87.50 zone will be key for directional bias today in my opinion.