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Big Trading Idea / Context
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| No market moving econ data but Greece is an issue and can result in unexpected moves. ON inventory is short so that a move back above Friday’s VPOC could trigger a squeeze to 1270 and potentially 1275.75. Below, 1255.75 is a major level. | |
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Hypotheses for the Day |
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H1 (OIR) |
If accepting Friday’s range, looking for gap and VPOC close, followed by 1270, and YHI at 1275 |
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H2 (OOR>) |
Not expected |
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H3 (OOR<) |
Will be looking for test and rejection at YLO, CLVN, and yVPOC for a potential move to o/n low and CLVN 1255.75. Above yVPOC, I expect 1270 CLVN. Other levels on chart. |
benkotrader 