This is my daily preparation for trading the S&P emini futures contract.
I review the prior trading day and create a plan for the day ahead, along with zones of interest.
Yesterday's trend day higher has broken above value of the recent balance. The hourly chart below shows custom profiles as the ranges progress higher after a breakout, heading back towards the composite VPOC at 2061.50
Zones for today below - holding long bias unless market holds below overnight low (2027.00), which could then set up a short term liquidation towards the 3/16 VPOC at 2007.50
Yesterday's profile and zones above show a range extension higher following the FOMC news.
The move broke out of the recent balance area shown below, which continued overnight to the 161.8% extended retracement at 2027.25 before selling off back towards the balance area VPOC at 2006.75
Zones for today below:
