What did the professionals commit?

The cyan shading shows a large order blocks day.

The next day would typically tell you – closing up / closing down what the professional holders had in mind.

In the current sample size I have one exeption where it was a cover after a larger decline and the next day would had mislead you.

All other times the next day’s close was a great clue about what would see more of in the near term.

Even if there was some setback, ultimately the next day’s direction prevailed.

The largest push against was on the above picture (bottom left), price moved 50 pips against the holding. A more typical occurence is the second example, where they would double down by reflex, not willing to take any draw down, as the second example shows on the same picture.

This brings us to the importance of how Monday’s candle would close.

…as someone either went long or short. The S-20 (Blue) is certainly rapidly approaching to provide support.

The Cyan shading equates to the Green on the Better Volumes code. Free lesson here about futures volume / tick volume.