Thursday Prep

Yesterday’s overnight gap higher led to a fair amount of two sided trade in the RTH session, eventually testing the prior day’s vpoc to the tick after leaving a poor high at 2889.25.

Overnight the range is currently 2874.00-2883.00 versus settlement at 2879.75.

My main zones of interest are 73.50-75.25 & 82.75-85.00. Above/below those zones would expect to see breakout potential. Next potential support zone below I have at 51.25-53.75, ahead of the open gap. Above 85.00 could accelerate buying through short covering/new buyers to go through yesterday’s poor high.

Potential news pending re China today as well.