1305

I think I mentioned 1305 every day for a week now – “under 1319 nvpoc and mcpoc = potential 1305”

Tough to trade with a rally on bad news on Tuesday and a collapse/news spike on Wed.

Market entered late Jan range, found support at that combined with historical volume ledge – balanced and built value at 1305 for 3 days , moved away to test higher, not ready yet and pulled back to value – note whatever I use as the start area for this balance changes the VALUE AREA LOW – black area on Microcomposite at base of histogram – whatever way you look at it the high volume areas are 1319,1315,1305,1297 – when combined with historical HVN’s all the better – e.g. 1315, 1304.5, 1297

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