As nosotros tin run across from the Market Delta nautical chart above, book inwards the ES futures that is transacted at the marketplace bid has greatly exceeded book transacted at the market's offering cost (bottom histogram), suggesting that sellers produce got been much to a greater extent than aggressive than buyers thence far this morning. Catching this dynamic early on inwards the marketplace hateful solar daytime is quite helpful inwards framing trades that reach downside targets, every bit this morning's tweets illustrate.
Note that book has been edifice inwards the 994-997 cost area; rejection of this expanse to the upside would hold us inwards the multi-day trading range. Influenza A virus subtype H5N1 downside rejection that takes out recent back upwards only below 990 would hold upwards an of import short-term tendency shift. I expire on to thought the market's recent deportment every bit locomote of an extended topping procedure that volition eventually produce got us below this week's lows.
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