I like this daily close, we tested bottom of the range on the 4 hour and haven't broken below the last impulse up. Still riding along the top of VWAP. So no reason to be bearish yet imo. There was some crazy shakeouts earlier today on high volume but no break down yet. Just keep your stops ready though. Nothing is for sure.
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Forgot I had it inverted :)
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Pretty decent size break down. Got down below the retracement at 9300. Had a good buy up, but it isn't that convincing yet. 9550 is holding as resistance now. There may be good short opportunities coming up.
This break down on top of the previous breakdown that we just recovered from is pretty good indication that trend is exhausting. I wanna see over 10K before I get bullish again.
This break down on top of the previous breakdown that we just recovered from is pretty good indication that trend is exhausting. I wanna see over 10K before I get bullish again.
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Price action is looking pretty good for bulls. I'm looking for a weekly close above 10K and this will end up being a test of support on the weekly that held. Long from 9287.
Trade closed: target reached