Sept sold off into July's VAL we had monthly options expire and we also had a futures contract roll over
Now that its month end lets see if the big money managers push price up to collect their commissions for the month
In order for this to happen we need to gain our VAH level if we gain that we can mark price (inventory) into the gap and push our upper levels.
If we fail this scenario we take out July's VAL and test June's POC
Now that its month end lets see if the big money managers push price up to collect their commissions for the month
In order for this to happen we need to gain our VAH level if we gain that we can mark price (inventory) into the gap and push our upper levels.
If we fail this scenario we take out July's VAL and test June's POC
Note
updated chart to regular trading hours we are struggling to get into the ask wall a break above 438.97 and a solid hold above favors bulls
Note
order flow pivot is at the high we can see they are distributing the prev days position
Note
437.90Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.