Thursday on the Daily chart flashed a sell signal for a rejection off of 45,000. I am going in Friday with a bearish bias. Of course, I have no idea what will happen and could always be wrong. To me, this makes the most sense. A sell off to close the gap.
From 45,000 down to 44,300 is a 700 tick move, not unreasonable for a NFP day.
Notable profit targets:
Thursday's Low: 44,658
Weekly Open: 44,570
Wednesday's Low: 44,463
Tuesday's Double Bottom Low: 44,350
Monday's Unmitigated Wick: 44,310
From 45,000 down to 44,300 is a 700 tick move, not unreasonable for a NFP day.
Notable profit targets:
Thursday's Low: 44,658
Weekly Open: 44,570
Wednesday's Low: 44,463
Tuesday's Double Bottom Low: 44,350
Monday's Unmitigated Wick: 44,310
Note
I am ultimately looking for the low to get taken for a little bullishness. The daily chart's support is down near that low.
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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.