A reversal day on Tuesday, with the gap-up opening and a quick run-up to resistance before quickly reversing back down and closing not far from the day swing low. This type of price action often lead to a 2 to 4 down days, unless the reversal day get negated by a re-break above the high.
Key level for Wednesday is 2775.
-- Above 2775 implies a potential rally up to 2785. A clear and sustained break above 2785 target a re-test of Tuesday's swing high.
-- Below 2775 implies a potential decline down to 2765 support. A sustained break below 2765 could trigger another trending down move, with support at 2743, then 2722
FT Pivot Numbers
R1 = 2797.25
FT Pivot = 2779.25
S1 = 2756.25
Market Profile Numbers
Upper VA = 2787
POC = 2773
Lower VA = 2762
