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" It is what it is department" Key focus
Bullish short term momentum. Trade what's in front of you not what you want it to be. A strong turn on Summation index and $BPSPX tell me short term bottom is in.
Short term momentum is strong, bullish bias.
Short term trend is up, dip will be bought.
Intraday level, Friday got a lot of doubt on this run up? well, inside day is no man's land, this is neutral, indecision on intraday level, neither bullish nor bearish.
IF Friday were settled below 38.2% I would see this as a Bearish Harami or a Bullish Harami if it were to settled above 61.8%. day trade made simple on the inside day trading by using the previous day Fib as guide line. keep it simple. going into next week I am bullish until we clearly trade down out of Thursday's range and below 5DMA. we will know bull or bear before market open Monday. Keep it simple, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.