Thursday Prep
Overnight has so far stayed within the IR & IS zones written in the review and has ranged between 2467.75-73.75. The VPOC for August is currently at 2472.75. Market state is neutral/bullish (above 67.25-68.50 IS)
If the 67.25-68.50 zone can hold this is a sign that buyers can dominate today's session. Failure to hold that zone puts pressure on short term longs and my next target below is the 60.75-61.50 zone.
A break above the 73.50-74.75 IR zone could see a push higher triggering buy stops if we see enough momentum and broad market strength. The resistance zones above IR are likely to see a reaction but the strength of the move into them will need to be gauged in real time.