Apart from this being another indicator in itself in favor of the S&P short we also got a major supply zone with a much wider spread on the Cot Report
This may be due to iran Banning dollars in use of trade.
Price is rapidly approaching a supply zone (2808.7 - 2838.7) This is confirmed as a strong zone by the VAP indicator showing a lack of volume being traded at this particular area of interest. We may get some activity in the area drawn with the box as this is also a weak supply zone. TP set at the beyond the previous Low.(Such is typical of these zones) But instead...