The ES closed as an inside day on Thursday, with just a 7 point trading range. The inside day is balanced within a 5 day trading range, which is contained with inside the selloff range from July 27th.

Balance treading rules could apply on Friday, depending on where price opens, in relation to the inside day and also the larger balance from the current week’s range.

Trading below 2457.00 would stop the weekly one tineframing higher on the weekly chart. Trading above 2480.50 would set another record high.