The market looked above the previous inside day balance and failed, returning back into the range. The market profile chart displays a very prominent point of control at 2259.00 at 12 TPO’s wide.
There are now back to back poor lows at 2254.00 and 2249.50. A breakout to the downside should have better odds of continuation if price first trades to or near the very prominent point of control, or fairest price. Light Holiday trading could continue into the week barring any external influences on the markets.Share