FED Agenda II

/ES Update: Market remains above yesterday's range with volume rising, so buyers leaned on any LVN to more upside. RTH/ETH charts show new PBTs 2560-2563.25 Steps to lean on: LVNs 2546.50-2543.50

Avoid counter trades until these steps are broken.

On the bigger picture, composite profile shows an excess high so buyers need to add volume and find value (acceptance) on this new auction range. Otherwise, if after any new record high on RTH, sellers could start a liquidation break into previous balanced range.

Read more about 'Market Excess'

Disclaimer: All information on this update is for educational purposes only and is not intended to provide financial advice.