June 18

Discord access link: https://discord.gg/UPbu6PZFDp

Sellers were able to keep us below yesterday’s Value Area. We did spend the first half of the session trying to stay above the 6057 BZ level which meant that buyers were trying other keep us inside of the prior “5-Day Balance Area”.

• Once the support at 6057 broke we saw a liquidation break that left single prints in the profile between 6050 and 6052.75. This means that today’s profile has two distributions. Stronger sellers are going to keep us within or below today’s “lower distribution” since it would validate the move below 6057.

• For buyers it’s all about getting us back above 6057 in order to reject the lower distribution.

Value Area:

VAH 6071.75
POC 6038.75
VAL 6038.25

Bullish Scenarios:

• Longs above 6057 targeting 6086.

• Longs above 6086 targeting 6115.

Bearish Scenarios:

• Shorts below 6052.75 targeting 6028.

• ⁃ Shorts below 6028 targeting 5998 followed by 5969.