Review - Tuesday
Yesterday opened at the overnight VPOC and quickly pushed higher to the current range upper distribution and nVPOC from 7/22. Failure to hold this ground saw a break below the range LVN and a cascade of trapped longs sell stops helped drive quickly to the VAL of the RTH range before a sharp reversal back up to the breakdown point.
Yesterday's RTH session below next to combined profiles of the current range since 7/14:
1 min RTH chart with vwap, market internals,cumulative delta and zones
Buyers had a strong response at the first support zone, in line with the longer time frame bullish context.