For Tuesday I'm expecting the R=1140.00-1141.75 area (HVN) to hold pretty well, so I'm gonna try to short any move up into R. I'll be aware of NPOC=1143.75 as a high probability target on the upside, also a good location for short. Same R levels as Monday are in play.
To the downside we still have some strong targets which can act like a magnet:
- single prints at 1135.25; from 1132.25 to 1131.00 & from 1129.00 to 1126.00=strong S=LVN=rejection area & responsive buyers
- NPOC=1133.25
Same S levels as Monday are in play.
If we'll gonna have a move down from value or from R I'll go short with possible targets all the above. Based on the open in relation to VA, location of the IB and the way it's being build, price action and order flow I'm gonna choose my trade location.
Note: no major news, no catalyst, so there are higher odds for a range day.
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