Morning Ideas June 21, 2022

Good morning traders,

Yesterday turned out as expected, it was a back and forth type day, the closed right on the VWAP. This indicates the market in balance, and the bigger time frame players absent.

Overnight, the market has bounced a bit, after testing both sides of yesterdays balance. In the near term, it looks like the value is migrating higher. However, big picture, the sellers are still in control here.

I'm playing for a continuation higher to be eventually sold, but I think we will go higher first today, maybe even the entire day.