Failure to Breakout of Two Day Balance, Wide POC Near Range High

Failure to break out of the two day balance. The wide point of control from Thursday is just below the high of the two day range.

failed breakout of two day balance

Price acceptance back into the two day balance below the point of control targets the wide point of control at from Wednesday at 2649.25 and potentially the poor low at 2638.50.

Acceptance back above the balance could target 2676.00 and the upper distribution from 3/22, and potentially the high from 3/21 at 2698.25 (bottom of unfilled gap) and gap fill from 3/21 at 2712.50.

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