Higher Highs, Lower Lows
Updated
Past couple days have been mixed signals bringing the santa rally to new highs over night.
The 20d 2std resistance was rejected at 4807.50 early this morning.
I'm looking for support around 4786.75, yesterdays VAH, where I'm looking to enter a trade as low for the day and a break trend from another lower low.
Should that trade stop out, I'll be looking to pivot to a short position below 4770
The 20d 2std resistance was rejected at 4807.50 early this morning.
I'm looking for support around 4786.75, yesterdays VAH, where I'm looking to enter a trade as low for the day and a break trend from another lower low.
Should that trade stop out, I'll be looking to pivot to a short position below 4770
Note
mind the gap. vol supply may be overcharged and gap right back up this week.
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