Was not planning on even looking at charts today but given the market condition right now, and the fact I am a degenerate, here I am hangover and all from Thanksgiving.
Lots of Sell and GBX volume. NQ came down to a very obvious level and found support. If the overnight session was straight sell with longer timeframe players involved why would it have stopped there?? Anyway watch 16100. Below that and it could get nasty on a thin book RTH session.
ES dropped the major LVN and got hung up in a very obvious area with many previous POCs. Poor Footprint structure above 46.50 – 50. If we can get back through the LVN and test this area, which I plan on, we will either find Sellers there or we will get above and long back inside Wed range. Take out the GBX low and we can sell through thin RTH book.
Fact is if you are new at trading go enjoy the holiday. You are at a disadvantage no matter how you look at it. Good luck.
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