Tuesday Prep
The early move above last Thursday's poor high failed to bring in sustained buying and once the market accepted back inside the 2144.25 overnight high we saw long liquidation and strong selling to close the lower range gap from Friday and push through the 2129 naked vpoc. The near 30k drop in cumulative delta and extreme TICK readings saw late sellers trapped and an aggressive short covering rally left a decent buying tail on the day.
The overnight range so far is 2130.75-42.00 and the zones for today are little changed.