Inside range day with consolidation in the upper range of what is now 2 days of balance. Looks like a rather good edge for buyers to look it higher yet again. Although it could be pointed out that the buyers didn't take control and just nail it higher. But the pattern has been "no sellers = buyers winding up yet again". And I'm not forgetting that this is the 1700 zone. You just have to respect a monster reference zone like this -- and not get too carried away with predictions.
What's typical about today's structure, after a low confidence push lower the prior day, is to be on watch for the mid-session balance to be high odds for a upside push as yesterday's laggard sellers simply were put in the hot seat yet again. And they had no choice but to puke it up. The 5 minute confirmed this fact.
Seems simple really!
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