Composite: Yesterday was an inside day, VPOC in balance area at 1202. Friday looking more and more like a bear trap.
5 and 15min: Key levels and HVN/LVN's are marked.
Globex: has been a steady melt up since the close with a few pullbacks to be bought. Approaching 1291.75 CLVN and may get a reversal here, but don't expect too much. Overnight VPOC at 1288.75's. Plan/Hypothesis: Looking like an OAOR. Expecting some pullback either before the bell or during the open. If we continue downward to close the gap, I will sell rallies looking for 1276.25's to 1272.50's, also 1282 CHVN as well. If we show signs of strength will look for us to reach the 1295.50 CHVN 1299.75 CLVN after that.
No comments:
Post a Comment