Market Recap:
Price bounced around above the 2 day balance from 6267 - 6280 putting in one of the tightest ranges of the year. We are coiled and compressed for a massive move, will that be tomorrow? Currently profiles are forming value above the prior weeks 2 day balance which is cautiously imbalanced up < 6258-46
Market Sentiment: -1 - 74 Greed
Market Close Context:
Bulls held their ball today and with a low volatile session in the books its hard to have a general lean unless we can probe the 6263 lows of the session and test how strong todays intra day support around 6267-65 is. With a balanced day, trading the extremes is best with the same inflection point as yesterday holding as critical at 6280s. Acceptance below 6258-55 opens the door for 6231-35
On a higher time frame we are currently : Neutral - Inside Week between 6333 - 6231
News for tomorrow: FED Minutes
Overall Bias: Neutral between 6280-6267 - Bull < 6280 Bear Below 6260
Into tomorrow we have one main inflection points of interest : 6280
Bear Plan that Played Out 7/7 : 6281 Failed Break Out
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