Questionable references both above and below Friday’s range, which was an inside day; Friday’s high is one point below the prior day’s high, which was exactly at the late rally high in the profile chart from 3/14, and the 3/15 low (last Thursday) was at just a single tick above the unfilled gap from 3/8 at 2745.50.
Possible balance trading scenarios that could apply in relation to Monday’s range: Look either above or below Friday’s balance and either accelerate/find acceptance at higher or lower prices, look above or below the balance and fail – targeting the wide point of control, prior close, and potentially the opposite end, or remain balanced around Friday’s range.
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