Recap: We tested just below the 1322.25 CLVN then rotated down past the 1313.25CLVN and ended up closing near the 1318.25 CHVN which is also the VPOC for the current mini composite. The Globex session has been a slow melt down and we are consolidating in the 1310 to 1313 area. The 1313 area is key resistance. Plan/Hypothesis: Expecting AOIR or OAOR below yesterday's range. If we open inside the range, I will look for 1313.50, yesterday's NVPOC to act as resistance. Above that, we have 1318.25 CHVN for resistance. If we open below range, I will look for a gap fill and fade rallies, but as always will be prepared for any scenario.
Quote of the Day: "Intuition is reason in a hurry."~ Holbrook Jackson
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