Market opened outside Value Area. Overnight action showed weakness in the LVZ (low volume zone). Price pulled back to open in the afternoon. There is a flip in the HVZ indicating a downside bias for the morning. If this happens price will get strong support at 1456-1487.5 zone. Look for price to reverse at this point. That being said today turned out to be Symmetric distribution. Expect price to pull back to COD (centre of distribution) 1464-1465 area. Check emini trading section for all the indicators I use.
Posted in EOD Analysis