In this how to day trade tip, I will be watching the 9910 to 9923 area on the CL contract as a possible area to short. If you scroll your charts back to 10/29/2013 you will notice a couple things about that day. First, there was a strong sell zone formed in this area. The sell zone was a wide range bar and had a low volume node associated with it on a 699 tick chart. Second. on this day the initial balance had been established and buyers could not extend price above the IBH (initial balance high) and in fact the day ended at the other end of the initial balance. I think of this upper area of rejection as an auction point – buyers could not auction the price higher from this well defined zone and sellers took control. When this happens I am extremely interested in price action once it approached the area in question. First price has to get there, then price has to react. If I see rejection of the level, I will be in the market selling. And if I find a good buy off one of the blue buy zones below – that could be a great trade to the upside. Good trading to you!