*Accuracy rating update: 100% or 7/7 predictions correct*
Day’s Theme: A decline through multiple support levels.
Behavior Around the High: A sharp decline off of the highest high through multiple support levels.
Behavior Around the Low: Sideways rotation that’s somehow irrelevant.
Exclusive Trade Opportunities for Subscribers:
There’s an opportunity to open a short position in the midst of a rally around the close.
Overview
On the 9th, we’ll open higher in the pre-market and then have some price swings with bearish behavior into the open. The volume is pretty mixed. I think we’ll see a highest high around 11 and there's a really significant drop here and a move to the upside with bullish behavior toward the end of the day. There’s a lot of price movement. We’ll have a couple failed attempts to break through key resistance and then we break out at the end of the day. There’s an opportunity to open a short position in the midst of a rally around the close.
Sneak Preview
We’ll open higher on the 10th but we’ll likely decline.
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