Today we opened in the continuation range gap before selling off slightly midday and trading in a tight 4.50pt Range for most of day. Im expecting a possible trend move next week as the tight range consolidation appears to be over extended. We had Block volume on the Pre Open moving into NEW highs as well as appearing again on the close into newer highs. We printed bearish flush signals and Exhuastion on the 4500 and 15m resembling some profit taking and possible Distribution. However we could be seeing buying above the EOT Break on the 15 as well.
I'll Be looking for Professional activity into the highs for early signs of trend continuation or Rejection Gaps into the Highs for Liquid shorts. Also Note that we printed a RAMBO on the ES.D just adjacent to Block Volume...
15 Minute
4500 Tick
Daily and Mid Term
