Thursday and Friday were two huge Bear Trading days that took the VWAP and MACD under the trend line.
Monday the market established what seems to be a floor of resistance and throughout the day crossed above the trend line on both the VWAP and MACD.
Used and additional Trident to try to establish a range similar to a Bollinger band to establish oversold and overbought territory.
If 6.16.20 @ Open > $301.64 and stays > $302.72 #Bulls stay in control.
If @ Open #GapUp > $309.14 and stays > $310.26 by Market Close then Bears should cover for the interim.
Monday the market established what seems to be a floor of resistance and throughout the day crossed above the trend line on both the VWAP and MACD.
Used and additional Trident to try to establish a range similar to a Bollinger band to establish oversold and overbought territory.
If 6.16.20 @ Open > $301.64 and stays > $302.72 #Bulls stay in control.
If @ Open #GapUp > $309.14 and stays > $310.26 by Market Close then Bears should cover for the interim.
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Disclaimer
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.