S&P Futures Update for Aug 30, 2012

 

 

 

Wednesday was another balanced rotational day. Looking at the Profiles above we now have a 4 day balance with Friday's Upper Distribution being treated as a separate day. Tuesday's poor high was repaired late today. The merged POC for the 4-day balance is at 1409. Any breakout from this range targets 1400 at the low and 1418 at the high. For tomorrow - apply the rules of trading: 

1. Remain within balance;
2. Look outside of balance and fail; If the market fails on one extreme, the destination trade becomes the opposite extreme.
3. Look above or below and accelerate.