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After reclaiming 6700-6706 early in the overnight session, ES rallied all night making the 6719-6721 target by the Tokyo close. Europe continued the bid making it to, and finding a quick excursion above 6728.5-6731.5 before finding a decent seller premarket. The RTH high was capped by the 28.5-31.5 spot which came as NQ tagged really the last line of defense for sellers at the 24969-24980. From there the fade was on as ES came all the way back to 6700-6706 and the VWAP cluster from the weekly video. ES tagged Friday’s 4pm close and the VWAP cluster, but sellers (for now) found no traction below 6700-6706.
NQ came just shy of the weekly 759-777 and the VWAP cluster at low of day:
We did get a profile today which gives sellers a chance to break this back down and make things interesting tomorrow.
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