November 7

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November 7 Pre-Bell Update / Plan

• Overnight Inventory is long. We are currently trading just above/outside yesterday’s high which means that opening on a small gap is a possibility.

• VWAP is sitting at 5967 which is where we have yesterday’s high.

• Yesterday we opened on a large gap that was followed by acceptance of these higher prices. We had a strong move during “H period” which left some single prints on the profile. These singles go from 5943 to 5945.50. They add confluence to the 5940 BZ level which is the zone’s halfback.

• I’m going to be monitoring the single prints in the case that we trade down there once again to see if buyers can keep us outside yesterday’s lower distribution. In other words, I’m going to be monitoring for acceptance within or above yesterday’s upper distribution.

• If we find acceptance above yesterday’s high, which would be above the 5969 BZ level, I will be looking for a move towards the top of the Balance Zone at 5998 or towards the 6000 psychological level.