TradingView
Five5Alpha
Nov 12, 2020 2:00 PM

ES 11-12-2020 Premarket prep 

E-mini S&P 500 FuturesCME

Description

Value area is up, structure is very poor and incomplete to the downside (3551,25), Poc is not prominent maybe we need to balance to complete the auction, and yesterday`s price wanted to go higher but it did not have the strenght to do it, Overnight inventory is short and we are opening in range, for that reason, i would like a correction on the overnight inventory at (3573,25), if yesterday`s lows is not repaired i would look for shorts at this price, the other scenario is to complete the auction at 3551,25 get involved at that price to correct overnight inventory
More