November 19

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November 19 Pre-Bell Update

• Overnight Inventory is short. We are currently trading below/outside yesterday’s range which means that gap rules apply. The rule tells us otherwise “go with the gap” if it doesn’t get filled. A sign of stronger sellers is preventing the gap from getting filled.

• With this gap we are also seeing the attempt at the inside day breakout to the downside.

• VWAP is currently sitting at 5894.

• It looks like we are going to open the RTH session near the 5881 BZ level which is near Friday’s low.

• I’m going to be monitoring sellers’ ability to keep us below/outside last week’s range.

November 19 Plan

Inside Day rules (ES, NQ, RTY) We also have some single prints in today's profile between 5901.75 and 5907.50 which means that it's all about buyers keeping us above the 5900 psychological level. An insdie day breakout to the upside would end Daily OTF Lower.

Targets remain the same.