The upper end acceptance played out for a new break out higher,
The over night moved higher and again found acceptance and gives us the overnight high and yesterday value low as our range to watch.
I will be looking for a retrace and see if finds support in the 4192-4205 area for a long scalp.
alternative to this will see if any impulsive moves and then play that...
Overnight is bullish with acceptance moving higher. my primary plan is long from impulsive up move or a retrace back to the yellow or blue line.
Below the blue line will look for a retrace of a good chuck of yesterday.
At this stage longer term direction is still unresolved.
Opening up into a big range and overnight moved to lower distribution.
Will be watching the crossover back to higher distribution. Will also be watching the yellow line a a sticky spot..
The lower blue line is a prime spot for a bounce but so far market is telling me to lean short after a early bounce.
The big move came and in the day session right to one of the green support lines. Over night is forming double distributions and for the bulls needs to stay above 4050 and then the lower blue line.
I will not take a side until the blue lines are violated so will remain trading inside the blue line until they break.
I also have marked a few possible support zone...
End of last week the market picked a side, and now looks like it wants to digest this new higher level so watch the blue boundaries.
I have a 4287 upper balance target so there is a larger up side potential. Now these targets do not have to happen in a straight line so as I wait for that to play out some short trades may trigger.
There is strong acceptance to...
Over night is all bullish so most likely we just keep testing the blue marked range.
will not pick a bullish or bearish side till this range is broken.
Little peaks above or below is not a broken range so trade with care on break outs.
We have the chop range with an up and down side target. After yesterday things got bullish, but now we see if things get sluggish.
Will be looking to trade inside the blue lines unless a impulsive move happens that I can grab a reaction trade off of.
big balance zone developing acceptance in the 4140 area, looking for the blue lines to create boundaries for further direction.
Inside this boundaries will be a very choppy day. 4130 overnight drop did fill in a area that needed resolution but will need to be test out 4136 in the regular session to be resolved.
Will look to see if any impulsive moves or just more...
Overnight has continued the march higher pushed in the low volume over night session.
thinking for a retrace of that range to then chop for the rest of the day, however look for impulsive moves that you can catch a trade off of.
I will be leaning mostly long but from small entrancement levels.
If we do move down the lower blue line is the area I think the down...
Yesterday was not balanced but did keep the higher priced acceptance. Over night proved this and is so far 100% long.
4132 looks to be the level it needs to hold to remain bullish.
open impulsive move will be easiest play if no balance is found.
Next idea is range trading between overnight high and 4130
Today we have acceptance of the higher levels, and this area looks to be being tested and traded out well.
Will keep a eye on 4130 for support. Below this area trading out yesterdays range is possible.
Overnight is expanding range over yesterday's action.
Yesterday had a high level acceptance
Overnight is a new ATH.
All this looks to be pointing to a move higher, and
could come from a upthrust or a test of 4092
Overnight is mostly short but balancing in a range higher than prior days range.
4087 is an important area to watch to stay long or move back down into the chop zone
below 4087 with acceptance will look for a 10 point move down.