Tuesday delivered another balanced day. We now have a 3 day balance. The message from balanced markets implies traders are waiting on new information. Looking at the profiles below shows that overnight inventory is all short. If the market gaps lower - the focus becomes the lower 4 point gap fill at - 1389.75 and below that the prominent POC at 1387.75. If the Gap above fills i.e. if we tag y'days low - we will have to monitor if Value can become unchanged and can we get above the 3-day POC. The poor high from yesterday implies that the auction is not complete to the upside.
