Yesterday was another NR7, albeit on low volume if that has any influence, so we have to expect some movement today, or Monday. I'm guessing since Friday's can be another low volume day, the move may be on Monday. On the other hand, we can have big moves on low volume days. Hope thats crystal clear :)
Same basic break-out box levels as yesterday, with a tighter box that developed mid day, which I'll post next. Also have a Rising Wedge that was broken...a kiss to it's underside again would put in new highs and fool some people....good thing to watch for. I suspect 93.5- 94.5 to be resistive, based on levels as well as the extrodinary imbalance of buying to selling there yesterday as posted in the Dom Ladder. If we open flat, could be a chop fest between 84 and 94. As of 9:12, we are opening in a minor downtrend based on the 3 range bar 3 line break, so I will be looking to short between 93 and 97 with any strength at open, most likely 93. If we open over the VWAP, there should be an attempt at Yesterhigh, which I don't see being breached at this point...but keep the kiss of the underside of the wedge trendline in mind.
Asia closed up, Europe is mixed to slightly negative.
Keyword: NR7
Kiss
No comments:
Post a Comment