ES reenters prior two day balance

es-reenters-two-day-balance

The ES reentered the two day prior balance area, from November 22nd and 23rd, below 2203.00. Often the short term destination trade, when price reenters a prior balance, is the opposite end of the balance. The profiles at the low of the balance also left an unrepaired poor low at 2191.75. Failure of price to find acceptance above 2203 and back into Monday’s value area could see price test 2191.75.

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