Yesterdays chart I discussed the lack of trade setups and general choppiness in the market which had me sitting cash and patiently waiting. I was also watching our EMA resistance on 4 hour and Daily chart. And we continue to battle these EMAs as resistance. 4 Hour chart has really slowed down within a tight range for about 32 hours and counting now. I have outlined that in the purple box. I am watching a bit closer now for the EMAs and general break up or break down from this box. A break down will send us to under $10k and a break out I'd expect a move closer from $10,200's up towards $10,500 for a possible scalp trade. Lets see how much longer bulls can stick within this $150-200 range they find themselves in.
Just My 2 Sats!
Just My 2 Sats!
