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BR
BruceM
Rep: 216,211
Posts: 19,895
Just not super motivated yet from the holiday week. I'm working off of four main areas and those are

2429.50

2426.50 - 2427.50


2423.25

2416.50 - 2418.50 - this is zone I think they will ultimately need to test and in general prefer to be short today

Keep in mind that Friday was a very low volume rally and also that last week was an inside week. We also created the "P" profile which usually denotes just a short covering rally and not new longs coming into the market

If you want Volume value areas and pivot points you can go here and click on the blue text labelled "HERE"

https://www.shadowtrader.net/category/peterspremarketperspective/
BR
BruceM
Rep: 216,211
Posts: 19,895
even though I expect that 16 - 18 area to test I am now trading for 23.25 and starting longs 2 points or lower under there....will start out slow and add in 16 - 18 area if needed...keeping it small
PA
Padmaja
Rep: 480
Posts: 78
great call
BR
BruceM
Rep: 216,211
Posts: 19,895
a look at the calls I sold earlier today .........
Click image for original size
calls png
BR
BruceM
Rep: 216,211
Posts: 19,895
if you were trading this late in the day there was a nice divergence as ES pushed new highs just slightly above the 29.50 number but YM couldn't make new highs...