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Yesterday was a day of balance of us equity. Before the open, the future is already in a long liquidation mode.
I think we are like to see an auction down to fill the gap left on Tuesday.
At this moment, ES is trading below the POC of the last two days and VPOC of the last two days, which creates a lot of overhead supply. I would not change my bearish bias until it breaks at least yesterday's VPOC, then it opens door to the upside.
Before that were to happen, ready to fade the market when it retests into yesterday's value between 2711 and 2716.
Can you help answer these questions from other members on NexusFi?
Like I said yesterday, Wolfe wave entry felt quite scary as you are entering against the trend.
But by combining the TICK divergence, it is the most reliable setup you can find in US equity because it gives you such a great entry that no other method can beat.
Two targets are off. Only 1 runner remaining.
NO instruments reacts to the TPO levels as precise as the Dow. Maybe the close second is DAX.
See how precise the high and low of the day are confined by by two value area levels.
We have called a reaction at 24720. But I didn't expect the reaction is precise to the tick.