After a trend day up on Friday which was largely a result of short covering, the S&Ps have come into Balance. Today - Monday was an inside day and what we call "Balance within Balance" our favorite set up.
Looking at the profiles above - we have a Poor High from Friday. A very prominent POC at 1348.75 - which has good odds of being revisited if we Open away from the POC. The first sign of change will be if we build Lower Value and Price finds acceptance below 1346 area (Support). If we Open within Balance - go with the auction that takes Price away from the POC. If we Gap higher - Gap trading rules apply i.e. "go with" all Gaps that are not filled quickly. Building higher Value and finding acceptance above 1357 (short term Resistance) targets the 1375 area.
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