Wednesday was higher as expected. Short-term traders continue to buy the dip as price approaches the 1449-50 area. I am treating the last four days as balance - including Friday's Upper Distribution. We still have a naked POC at 1459.50 and a poor high from Wednesday. The first sign of change will be price acceptance below 1449. If we continue to rally above 1463 - then Friday's high comes into play.
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