Buyers rallied price off the previous day’s close from the B period low and again off the open price at the E period low, blasting the S&P 500 emini futures to yet another new all time high at 2251.50 in the December contract ahead of rollover.

If price can find acceptance below 2242.00 Thursday’s E period low at 2239.75 and low of day at 2236.75 could be tested, followed by Wednesday’s upper distribution low at 2231.25.

At some point price will repair some or all of the multiple anomalies left from the November 7th stretched out profile. Carry that information forward as potential price destinations when the market corrects.

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