Multiple anomalies were left in market profile chart from Tuesday. Elongated, stretched out profiles are often at least partially repaired the following trading day. Acceptance below the upper distribution low at 2887.25 could target some of those anomalies, and potentially the excess at the lower end of the chart.
Acceptance above the late pullback low and upper distribution low targets the matching poor, no excess highs at 2893.00. If that is taken out, monitor price for continuation higher, or a “look above balance and fail” scenario, where the lower references could come into play.Share