Market opened gap up on Biden's win, though the win is probably expected since last week.
Price is going higher on momentum.
Overextended but it is difficult to call tops and you need skill to short such a market.
Price is above 1st resistance at 12270. We should get a pullback before going higher, targets above are 12428, 12502. In the event of FOMO buying, 12742 should cap high of day.
If 12158 breaks, look for shorts, targetting 12034, 11922-48 and 11858.11800 will safely cap lows of day
Price is going higher on momentum.
Overextended but it is difficult to call tops and you need skill to short such a market.
Price is above 1st resistance at 12270. We should get a pullback before going higher, targets above are 12428, 12502. In the event of FOMO buying, 12742 should cap high of day.
If 12158 breaks, look for shorts, targetting 12034, 11922-48 and 11858.11800 will safely cap lows of day
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