Happy Monday, Just a weekly snapshot reference point as ES...

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    Happy Monday,

    Just a weekly snapshot reference point as ES overnight futures have found initial resistance at 3326 and that was the barely distinguishable high volume node from Thursday's profile so it obviously means something…though I don't profess to know exactly what.  The larger point is that we have not dumped.  Still not sure why some traders are drawing their brackets lower than SPX cash 3330.  I would think the initial dip from 11 September was a trade out of balance but maybe missing something.  As far as current positioning we seem to be sort of naked without the Nikkei. At any rate we can get a better idea of positioning when pre market volatility measures become available later.

    2020-09-20-TOS_CHARTS ES Update.png ESZ0 20 September Update.PNG ESZ0 20 September Closeup Update.PNG
 
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