Price zoomed through the low volume zone we mentioned yesterday in the article. Today we are trading around the point of control from yesterday and this was a price point where sellers aggressively brought the market lower. So the question today is whether or not those sellers are still sitting up here. The POC on futures is 11626 and we have had a couple of attempts at it already.
Let’s take a better look in the video:
|Point of Control :||11628||11627|
|Value Area High :||11656||11645|
|Value Area Low :||11568||11595|
|Previous High :||11680||11678|
|Previous Low :||11525||11522|