November 21

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November 21 Pre-Bell Update

• Overnight Inventory is long. We are currently trading above/outside yesterday’s range which means that gap rules apply. The rule tells us to “go with the gap” if it doesn’t get filled. A sign of stronger buyers ps preventing the gap from getting filled. With this gap we are also seeing the inside day breakout to the upside. We are also seeing a breakout above the “4-Day Balance”.

• With this move ETH buyers have filled the gap above. For it to be considered filled it must be done during the RTH. If we were to open above the top of the gap, then it would be considered filled and we would have a new gap below us.

• VWAP is currently sitting at 5936. EHT Halfback at is 5937. We have some ETH single prints between 5942.50 and 5947.50 which is right around yesterday’s high/gap fill.

• Notice how we have the Overnight High right around the 5969 BZ level.