midweek-watch

TrueTraderOfficial

You have the 20d at 68.40 in the middle of today’s move. Only $1 down from where it closed. If this can clear over 70 it could jump a few points.

TrueTraderOfficial

Below the quarterly pivot and previous low. I’ll watch to see if it wants to continue. I get the feeling it wants to push back to these previous highs near the 181 area.

TrueTraderOfficial

It closed at the 200d and above the 50d. If it clears this level I think it could be testing this 29 or 30 area.

TrueTraderOfficial

It didn’t get a bounce today. I was watching for a reversal. Now we have the 200d and monthly pivot. It might be too close. If it’s already at that level tomorrow I’ll look at the 39.25 area.

TrueTraderOfficial

The 50d, the monthly pivot, and previous low. Lots of confluence there. The quarterly will also catch my eye. IF it never gets down to that level, I’ll also be watching 62.80.

TrueTraderOfficial

You have a 50d, 200d and a previous close all bunched together. Lots of support. Careful, it’s lighter volume.

TrueTraderOfficial

It broke resistance and closed above the 50d. My thoughts on entry is on the quarterly pivot area and today’s low.