New monthly low today. Trying to get into shorts as close to VAH as possible. Will consider longs at VAL, yesterday's low and the -3 VWAP STDEV...or 2655ish below. 2752ish is the key resistance level to watch. It has held since Monday's US session.
Not a drastic change in support/resistance levels since yesterday. Still looking for potential shorts around 2750, although I might also take a stab at around 2735 should short momentum support it. Might consider longs at yesterday's VAL (2725ish) and around 2710-15, but I am watching the November low below that too. If that breaks...yeah...poor bulls. Looking...
Well, bears were clearly in the driver's seat today. Let's see if they can sustain this into tomorrow. Interested in shorts somewhere between the VWAP close (2750) and today's VAH (2757.5). I guess a long stab around today's VAL (2722) wouldn't be horrible if price action supports it. Also watching today's -3 VWAP extension around 2710 and of course the round...
Want to get in below 2783 for longs, above for shorts. Gonna watch Friday's VAH/VAL going into Monday. If we make it past Friday's VAH, I'm gonna keep an eye on the round 2800 and the November high. Around 2760 was the area where Europe opened on midterm day. 2745 was the Asian low on that day. Just gonna watch price action at those zones. Bulls need this back...
Going into Monday, I'll be looking for shorts in the orange zone and longs in the blue one. The further into outliers price extends, the happier I will be to enter trades. This means I'm after longs as close as possible to 2900, with backstops at 2898 and 2895. In terms of shorts, I'm mostly watching the 2913 resistance level, but will consider shorts anywhere in...
Well, turns out we dropped through Friday's -3 VWAP stdev extension against the long trend. Happier to look for shorts again...because this is quite often a sign of a trend change. Going into tomorrow, I'm after shorts in the orange zone, longs in the blue zone. I want to sell as close to 2913 as possible, and buy close to 2890. Of course like today, it might...
Just a quick update adding the +1 VWAP stdev level. Rest remains the same. Still focusing on entries inside the extreme outliers.
Let's see if last week's bear trend continues into next week. I consider it intact below 2884ish for now and will look for re-entries short above 2874. 2884 has been retested twice from below, once on Thursday and once on Friday. Both retests were brief. A nice retest of Friday's VAH (2878) or VWAP close (2880) and then inverse rocket would rock. Given my...