The Tape
ES is 7767.25, just over 7765 where Friday’s value ended and under 7775, the one price Friday, last week and October all did their business at. The night went looking both ways, poked 7793 over Friday’s ceiling, dropped to 7760.50 under its floor, and settled on a 7770 print right back in the middle. That is a market that tested both edges of Friday’s value and accepted neither, and now it’s sitting under the POC three timeframes share. Take 7775 back and 7782, last week’s VAH, is the first job, then 7793 where the night already got turned away once. Lose 7760.50, the night’s low, and 7754 is Friday’s low, the last shelf before 7743, the POC September built.
NQ is 31009, sitting on the floor of the value the night built and a hair over Friday’s 31004.50 value low, one session after printing 31282.50 for the highest trade it has ever made. The night ranged from 31221.25 down to 30974.75, under Friday’s 30988 low, and never got back near the record. The record sits on one day of value, because the week did its business all the way down at 30625, and the night already put a foot through that floor. Get the 31059.25 to 31060 shelf back, October’s value high and Friday’s POC, and 31163, Friday’s ceiling, is the next stop. Lose 30974.75 and the profile is empty all the way down to 30840, last week’s value high.
