#ES_F Daily Plan | June 8
Friday’s emotional session formed a multi-distribution trend day, with four sets of single prints, ending the weekly one-time framing up in the process.
Eyes are on the composite volume profile and how Friday’s after-hours weakness approached the lower end of a large distribution formed during the prior weekly balance. The key question is whether initiating sellers can follow through or if some responsive activity is on deck first.
Intraday strength would be indicated by a reclaim of 7420 (UT1), while weakness would be signaled by a break and hold below 7354 (DT1), the 4-week balance low.
Smashlevel: 7395