A gap open higher Wednesday with mostly long overnight inventory adjusted after the opening bell, as price traded back into the prior day session range.

Traders drove price lower through Tuesday’s wide point of control and close, but reversed in C period after trading into the lower excess from 9/26 by only one tick.

A late short covering rally exploded to another new record high, leaving another poor high with no excess in the profile at 2509.25.

The F/G period low was questionable at 2495.75, being exactly at the prior session’s close, and the profile left multiple anomalies, again suggesting the session was dominated by mostly short term traders. Price will often repair at least some of the anomalies in a future session, if not the next.

Value was overlapping to higher, but Wednesday’s point of control did not migrate higher with the rally.

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