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/TF in weekly rotation from 870-63 down to 836-834
with the weekly poc at 842.
Monthly buyers still above 823-819 with the monthly poc at 809.6.
The yearly shows price still in rotation up to 860-906 with the poc from last year at 830.
The current poc sitting at 812.
Bottom of rotation way down there at 655-590.
Trading: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, Euronext CAC40, EuroFX 6E, and Hang Seng HSI
Posts: 47 since Mar 2011
Thanks Given: 125
Thanks Received: 61
Russell 2000 Emini TF Futures via 1 hour chart - Key change in supply/demand 12noon - 1300hrs edt on Thursday September 13th with a price area of 852.40 - 843.90
Emini TF futures has recently retested that 852.40 price area yesterday late in the regular trading session and already again today. The 852.40 - 843.90 price area is a good range to look for trade opportunities or use as profit targets.
Another key change in supply/demand today 0100hrs - 0200hrs edt with a price area of 856.80 - 855.80 and it too is a good range to look for trade opportunities or use as profit targets.
Both of the above mentioned key changes in supply/demand price zones are valid until price action traverses completely through them.
Where it goes nobody knows...probably up though with that being the default action and I know it's probably unrealistic but I would like to see it break to the upside, trap some bulls and drop.....to 831 anyway
Trading: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, Euronext CAC40, EuroFX 6E, and Hang Seng HSI
Posts: 47 since Mar 2011
Thanks Given: 125
Thanks Received: 61
Emini TF futures has had 7 consecutive trading days of volatility contraction since the last key change in supply/demand. It's now at/near its norm in the volatility contraction (max is 9 consecutive trading days).
Thus, I'm now expecting a trend day or a key change in supply/demand tomorrow on Tuesday or Wednesday. In addition, we got a few schedule key market events tomorrow and Wednesday...good time for those events to trigger a trend day or key change in supply/demand day.
so far the first attempt to break that support (~832) failed. wouldn't be surprised if we test that level again. also wouldn't be surprised either if we break it.