Key levels noted on chart. I think we will get to that low range but will then find our way back to the Key high level. Momentum has to be positive to pass the Key high level, as well as the Low key level for that matter.
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Friday ended with intra-day range price action; the RSI and MACD histogram showing momentum to the downside. The RSI had some small divergence over this week, and ended up with a value of 64.46. With this, there is a chance of getting through the lower level. We don't know, will have to watch. The key is that if it gets back down to that lower level, having...
Divergence noted in 15 min E-mini chart; however all charts 2 hrs and above show momentum strength to the downside. Note the buyer action in the 15 minute chart. I see this buyer action playing out Sunday night, and sellers coming back in around 5 am and into the morning session for a nice short opportunity.