Showing the old Gap Price Range, the market is trying to find direction after dropping below it. There still seems to be a support level at recent bottoms. Still enjoying my break so have fun.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Is a rounded bottom(cup and handle?)forming in the VIX:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Very nice as usual, I just wish I could interpret these excellent charting descriptions better. My Bad
So much for that. It seems the market is in a price level again but still swaying a lot with news. Only day traders can deal with this. So I draw my lines seeing my pre-news exit is not much of a factor either. I don't see a good reason for entry either except the fact of the 50 EMA may soon be crossing the 100 EMA. Will that change things. I don't know.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Take a look at the weekly chart, MACD divergence looks to have peaked and declining. Slow Stoch is also above fast, and declining at ~ 60, maybe the market heads south for a week or two (or more)? My understanding is weekly trumps daily, fwiw.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Playing with the Midterm to help my second guessing on where and if to enter next week:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Much stronger end of day than I expected. I don't know what the driving force was. I will try to re-chart early for those who want to burn a new IFT tomorrow.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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