Low confidence price action lower definitely did trigger a response higher. But when regular session open price was just at the minor high of yesterday's range highs. Thus, it was not surprising to see the two-way auction process unfold with a trend they back down into the range.
But it was a low confidence sell day, and this up downmarket is probably primed once again to push price back up into the range. As I write this price is already spiking 17 handles higher.
So with that we let the news unfold and feel that the path of least resistance is higher.
Approaching some key ranges in the VIX.
No comments:
Post a Comment