Wednesday’s anomalous profile featured a high that matched exactly the high from August 9th at 2474.00, and left a poor low with no TPO’s of excess at 2462.50. Value ended the session as higher than the previous day, but the point of control had migrated lower in the final period.
If price opens within Wednesday’s range on Thursday it will probably attempt to clean up the anomalies. Acceptance above Wednesday’s high could target the remaining unrepaired anomalies from the August 8th profile, when the ES put in its latest all time high at 2488.50. Failure to find price acceptance above the 2474.00 matching highs, a “look above and fail scenario”, potentially targets Wednesday’s poor low 2462.50.
Acceptance below 2462.50 targets Tuesday’s low at 2460.00 and the excess single prints from the August 14th profile, potentially the top of the gap at 2454.00, and the bottom of the gap at 2446.50.
Price is one tmeframing higher on the daily chart since the August 10/11 near matching lows at 2435.75/2436.00, which remains an unrepaired poor low.
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