We saw a drive away from the bull/bear zone on the open (i.e. the multi-day range high volume area on this occasion) and weak market internals supporting the move lower breaking the short term balance low area. The break below the IB low failed to bring in much more selling, with a tiny amount of volume traded below 2250 leaving a step in the profile. The over-riding long term bullish bias saw selling momentum dry up and a short squeeze once back above the 54-55 area, eventually leading to a test of the prior day VPOC.
The range is tight at 64.25-67.75, holding above the multi day VPOC
The market has rejected the breakdown of balance and the main expectation is to now test the opposite extreme i.e. the poor highs at 74 and 77. There are very few changes to the zones today