Quad witching day so this is normally a choppy day. Friday is not a day to press hard. The prior day low is just above the lower distribution placing it at the bottom of a massive balancing range. This range is more pronounced in nasdaq. Will be looking to see if buyers are ready to step in and support this area if not we move into the lower distribution, next couple of days brings important information.
Trade active
Vwap is around 3900 and so will look for short in that area
Trade active
the bounce never happened but sure respected my lower line at 3875, it gave a little confirmation and now a better one, so looks like long trade is the play now
Trade active
early entry on minor confirmation picked up 12 points and second entry on major confirmation gained 0 points, had i not got the first entry would have closed second part near the 3900 level mentioned above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.