Wednesday Prep

Having been away for the past couple of weeks I've missed the continued melt up in the stock market. The move has left gaps and weak structural support should there be a correction (note that the VPOC for Feb is currently 60 points away at 2288.00). A major negative news event could have it back down there a lot faster than it rose. However, there's no sign yet of an end to the upside auction and short sellers have added fuel to the move as they are stopped out. 

The zones for today are below based on the last two weeks price action and profile structure. 

Previous
Previous

Thursday Review

Next
Next

Wednesday Review