Reverse of yesterday’s formation.
ES open at previous day low while NQ at mid point of yesterday range.
For ES, the gap fill below at 95 (4 pm close) was completed last night.
Usually it does not count because it is done in AH.
Be aware of POMO.
As mentioned yesterday, the fireworks happened in AH and the bearish bias unfolded last night.
In RTH, however, the 2 forces, PP tag + gap fill upside vs. gap fill downside are about the same if POMO is not involved.
Since POMO is expected today, run for PP tag first is more likely.
PP tagged. Now, S1. =)
NQ moving towards day low now.
S1 tagged too. Next target is gap fill below at 95.
ORL must act as resistance now for further downside price action.
Break resistance AH 50%, now testing OR low.
Tested overnight low and bounce.
1 PM new low for the day.
We have the gap fill target done.