I didn't have any trade today. Lack of preparation.

Looking back, a long off Wednesday Hi turned out good, but that is just hindsight.
Overall market is still balance and no OTF seems to be showing up

Econ GMT+7
2015 ADP NFP
2045 Chicago PMI
2200 Pending Home

Prior Day Overview

Yesterday we opened below VAL in range and tested down below Y_Low before reversing up steadily and eventually tag Y_High, where sellers then came in and brought it down to MID. VPOC shifted higher steadily but shifted down to MID in the afternoon.

• We tagged Y_Low for the first time, one timeframing is over
• We failed to create a higher high
• POC shifted higher, but VPOC shifted lower

MCVPOC

Overnight

At the moment, overnight inventory is long and ONVPOC shifted higher at 2206.50. Delta is quite positive.

Hypothesis

Econ GMT+7
2030 Jobless Claims
2200 ISM Mfg PMI

Bigger Picture Context
We are currently at an all time high. We have been in a bullish sentiment post the US election and the one time framing was cut off this week.
We are still in a range this week and building volume at 2205.


Prior Day Overview
Yesterday we opened above range, had a quick test up and immediately traded down into Wednesday range. We then balanced around 2205.75 until lunch time where it ended up being the TPOC and extended the range downward during PM session. VPOC shifted at the end of the session, just 1 tick below the close 2199.50.

• We succeeded creating a high but ended up being an excess high
• Responsive selling back to the range
• Even though selling was aggressive, chances are it was done by intraday traders, not OTF
• VPOC shifted lower but we failed to push below the excess low on Tuesday, single print at 2197.25

Overnight
At the moment, we pushed thru yesterday weak low during European session, but things are pretty balance. Overnight inventory is a bit short and delta is quite flat.

Hypothesis

1. Still stuck inside the weekly range. We test down early morning, found support around 95.50 MCHVN and push higher to 2199.75 Y_Close, then 2203.25 HVN.
2. Break out attempt of the weekly range. Push higher to Y_Close and accumulate more seller and push thru below to 2196.25 and MCLVN 2191.75