Price moved according to prediction from the last post. Volume for most of the morning going into the afternoon was very strong. Now that earnings for most of the heavily weighted components are behind us, we may be gearing up for a stronger push higher.
Long
If we have a push higher to 13500 with strong volume, looking for buys around a consolidation zone.
Short
If we push lower and break the 13300 level and weakness volume as well as indicators, looking for sells with the target being the lower boundary of the channel. Have alerts set up for all of these levels
Long
If we have a push higher to 13500 with strong volume, looking for buys around a consolidation zone.
Short
If we push lower and break the 13300 level and weakness volume as well as indicators, looking for sells with the target being the lower boundary of the channel. Have alerts set up for all of these levels