Test of 1400 came Friday 25th for ES, but other indexes (NQ, YM) made inside days (non-confirmation) ES had up day.
Interestingly, Friday's value area was contained within the previous days', therefore making an inside day as well.
(Value area is the pink vertical line to the left of the blue bars, and it indicates the area where the most trade occurred during the day)
The TPO count above the point of control (POC) for Friday (1887.50) shows that at the close, there were 68 TPOs above POC (representing shorts) versus 32 below (representing longs)
Is this a failed test of 1400? Time will tell; there was not enough time on Friday afternoon for a proper rejection (or acceptance if you're really bullish!) of that level.
Interestingly, Friday's value area was contained within the previous days', therefore making an inside day as well.
(Value area is the pink vertical line to the left of the blue bars, and it indicates the area where the most trade occurred during the day)
The TPO count above the point of control (POC) for Friday (1887.50) shows that at the close, there were 68 TPOs above POC (representing shorts) versus 32 below (representing longs)
Is this a failed test of 1400? Time will tell; there was not enough time on Friday afternoon for a proper rejection (or acceptance if you're really bullish!) of that level.
Incover
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