[Soultrader]

Interesting price action yesterday... we saw price fall below the established zone of 12200 - 12100. We then saw price rejection below the 12100 indicated by single tail prints.

This information tells me we are still trading in the established zone in consoldiation. The high at 12153 was also the POC of 10/23. This will act as key resistance for the day.

Several levels I will be looking at:

12080 key support
12112 VAL
12150 - 12155 Previous days high and VAH cluster

These are the levels I will be looking to trade at today. Any break above 12155 and we are likely to meet resistance at the VAH cluster zone from 10/23, 10/24, 10/25 at 12170.

Market conditions tell me to be cautious on every trade and use a rangebound strategy. Price will go either way... chop around and can be tough. Good to have discipline and be selective on your trades.