Wednesday Review

The market opened below the prior day's low and failed to hold the initial support zone. This had potential for a move back into last week's balance, but the break down was weak and sellers failed to keep momentum going. The NYSE TICK was also very neutral with the move, not supporting a continuation.

Once back above support there was a slow grind higher, with a pullback to vwap, until touching the top of the initial resistance zone near the close.

We could see continuation higher above IR overnight to squeeze shorts though without any momentum the VPOC of the past few days is at 2288.00 which may be a short term magnet. 85.25-86.25 is now initial support for the globex session.