Lets start with the establish trend, we have a lower high showing opportunity to continue to open up 2023. If you look closely you will see that we have a bullish hidden divergence. But does it have enough strength to blast through the Bullish line. If it does I can see it starting to fill those imbalance candles and attempt to make a higher high above 38.60. If the selling pressure pushes, I can see it hold my 31.48 bearish level.
This slight reangle of the uptrend will make things interesting if the trend rides the line for over 10 days then break.
2023 opening could be a path to cheaper puts for the rest of the year. We will see.
This slight reangle of the uptrend will make things interesting if the trend rides the line for over 10 days then break.
2023 opening could be a path to cheaper puts for the rest of the year. We will see.
Comment:
Looks like 34.50 is going to be a tough resistance zone. I am looking for this to continue if it hits the trendline. If the ema continue to support the up trend. Keep an eye out where it is today.
Sometime you have to take a step back to make a better step forward.
Click the website for the Cheat Code!!
Click the website for the Cheat Code!!