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Maybe the low was in. Sometimes there's a revisit of the low though.
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Possible double bottom, bears might be over for today.
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This bull shall have legs. Now feels like a strong uptrend day.
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Consolidation, breakout on the upside is more likely.
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The two most moving tartget a day trader should know are MA support and VWAP support or resistance there is. here is good entry whicever comes first. trend following only. this is for educational blah blah put it in your note book. LOL
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My comments are for entertainment/educational purpose only. NOT a trade advice.
A big number score card for today. 6850 hjeld as resistance on the first push. The AI news driven second push went through. After the second sweep down they tried a third time and it held as resistance. Now, a half hour later it is a major battle. I am guessing the outcome could set the tone for the rest of the session.
Hmm, looks like I missed nothing today. I was out for lunch party which usually means big moves. Anyway, it's a range day so far, now have chance making a double bottom which if indeed then we'll have a higher low. Key time.
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Testing range low (blue line). If indeed it's a range day then a rebound should be due.
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