ES still struggling with Gap and VPOC from Wed down day:
Did not re-test lower balance (1760/65) on continuation down day yesterday and all 10 handle pullbacks were bought.
DAX low volume today – had above avg yesterday. It still seems like traders are grabbing small profits when they present themselves and consequently price is reversing quickly.
Intraday holding above yesterdays vpoc and cash gap is key:
Long term this is the MCPOC from the last balance in this area. DAX has been a leader so reaction here is a key signal for a turn.