So far we have a few things indicating solid strength in the market... A possible thir "stair" up, and small selling wick on previous hours closing... we have some room to send one more blaze of glory to reach newly found resistance on the hourly. The 4hr closes in just under 3 hours now with a resetting rsi of 56 and the 3 hr 70. We can have another leg up on the hourly and leave room to not just cool off and take profits, but also defend new support allowing 4hr to cool off to test 7.6k. Who knows what will happen when news wakes up.
Comment:
MAs. Supported 50ma strongly the entire realization to this range on all time frames. If the 100 starts breaking and rsi breaches bearish territory we maybe in trouble. Golden cross on hourly could help us out here as well.
Comment:
100 Ma testing hard support found itself on 50% support of marubozo candle.. Continuation to down to 850 expected if 960 broken on 10-15m candle