2 Day Balance



The ES is currently trading in a small two day balance within a larger multi-day balance

  Two day balance ES daily chart
Two day balance within a larger multi-day balance, ES daily chart

Wednesday’s profile was a balanced, inside day featuring a prominent point of control and a poor low.

2 day balance, inside day

The point of control could act as early support or resistance, or draw price back to it, perhaps briefly, depending on where it opens. Potential trade scenarios in regard to the two day balance could include:

– Look above balance and accelerate/find acceptance higher, targeting prior daily highs
– Look above balance and fail, return back into the balance targeting the wide point of control and possibly the opposite end of the balance, potentially lower
– Look below balance and accelerate/find acceptance lower, targeting prior daily lows
– Look below balance and fail, return back into the balance targeting the wide point of control and possibly the opposite end of the balance, potentially higher
– Remain in balance within or around the current balance (probably lowest of odds)



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