Low confidence down day, but they did close it -1%, which is non too shabby.
We are in daily reversal zone now, so the nod for an upside try, but if selling hits again so be it.
Low confidence down day, but they did close it -1%, which is non too shabby.
We are in daily reversal zone now, so the nod for an upside try, but if selling hits again so be it.
Range day today. This market would suggest an up day tomorrow most likely as sellers didn't get anything done to follow through.
They don't come often, but they do intrigue me to post. Run of the mill average up grinders days are so boring!
Today bottomed out in the 2% down zone, which I think has been a big zone over previous down days as well, but will have to do more research.
Double bottom was perfect, and set up by the bounce high tick readings of 1000. And trade to VWAP was perfect.
The only thing I'm a bit surprised about was that VWAP reversed price so perfectly. The shorts were trapped and should have not had it so easy.
But it's a bull market and as I write afterhours the futures are up 24 points.
I'm leaning bullish for tomorrow but would not be surprised to see a rally fail.