depending how futures market plays out tonight and if people keep buying a mondays open we cod have very different outcomes. the bull case is essentially if we see RSI, Double STOCH signal remain positive or if we hit resistance at gap close and continue lower or make a double bottom. even in the bull case we could rally for a couple weeks and then double bottom. bias cautiously bullish as there are more bull scenarios than bear. even the magenta path is a bull scenario for a few days. staying over TRAMA and causing VWMA to rise with it means strong support for bulls.
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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.