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NYSE volume at 9:00 CST was lower than yesterday. Yesterday's POC was 11 wide. Lack of volume can cause the price to pullback to POC. We have multiple untested wide POC's which create a exponential effect.
However - the value is higher and Gap rules are still in play. I am waiting patiently till a trade sets up.
The buyers at A period low are indeed week, however poor low is only one data point. Poor low can also be formed when market gets too short. Imagine if you are a seller and you see there is no follow through at A low - what will you do now?
When we have multiple poor lows it becomes more interesting and I look for a trade to repair the poor low.
Just another view. Using the MP-ETH we can see price stalled at a prior virgin POC. Interesting as it keeps us within a higher time frame balance. I feel we could test the lower boundaries of VA if the DPOC doesn't hold.