Plan - Tuesday
Overnight
Current Range: 2158.25-65.00
TPO Value: 2159.75-63.25POC: 2162.50
Volume Value: 2160.25-63.25 VPOC: 2161.00
Overlapping higher to prior day's value, poor high and low
Prior settlement: 2162.25
Daily Market State: Neutral
Weekly Market State: Bullish
Plan
Yesterday the market rejected the upper distribution HVN at 67 and attempted to trade across the range value area but failed leaving a poor low.
Scenarios:
1. We could see either a further attempt to the range value low at 53.50 and potentially lower.
2. Attempt higher and reject the 64.25 LVN then continue lower
3. Rotate between the 59.25-67 HVNs
4. Push through 67, hold and make new highs with a breakout or breakout failure.
Zones of interest below: