A breakout of the multiple days of overlapping value.




There was even a pull back overnight. Which leaves me out to dry. Coming into more territory we haven't seen since 2008 and the next obvious area up, is around 1700. All one can do is simply follow the trend via higher highs and higher lows.


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Here is a video of what I am currently seeing.

Market seems to be forming new balance between the two areas outlined before open.




When you zoom out some, we see the rotation is taking place around the mean.





Best to pick my extremes...

Another rejection at the 1600 area. I zoom in and see we are basically within yesterdays balance area.




I am also taking note about the range sitting in the upper half of this recent imbalance higher.



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Here is what I see on the bigger time frame (NQ).



This area is like an upside objective. Bulls longing before/after the breakout, would have easily seen this. Knowing all that, the current balance area shouldn't come to a surprise.

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