Good afternoon and evening,
Good to see some green over there!
The balance of overnight ES interest in the futures profile is long and futures are headed up after hanging out out above yesterday's close and below the year to date flat line, about to be tested as I write this note. Yesterday, ES closed at 2640.50 after spending a fair bit of its time around Monday's volume poc of 2937 and testing Monday's time poc which coincided with the low end of Thursday and Friday's profiles.
As mentioned yesterday, that YTD unchanged area is just above the Thursday and Friday's value areas and bears would be encouraged if it was rejected again...and nervous if it was cleanly broken and the cash session closed on the up side. SPX weekly chart.
Good afternoon and evening, Good to see some green over...
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