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Here is some TPO action. Yesterday $ES has some consolidation in this lower distribution area followed by a move higher that closes above balance. That is 1 clue Today -- we open out of balance and see an opening drive rejection. That is a 2nd clue. A rotation back down into that low volume region of that lower distribution is met with responsive buying. Im watching for $ES to hold above 7460s we see a bit of consolidation in c/d/e period, followed by a push higher. Going back to clue 2, the opening drive rejection was a warning sign for the potential of a 2 sided trading day. Going back to clue 1, if we had closed yesterday near the lows, I would have been more cautious for continuation to the downside. Rather than watching for us to bounce from that low volume zone.

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