Day’s Theme: A move to the upside out of a decline, however this is somehow nullified or somehow made irrelevant.
Behavior Around the High: Not specified
Behavior Around the Low: Not specified
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position at a resistance level midday.
Overview
On September 20th, there’s a decline first thing in the morning. There’s a trough or a low around 10:00. We’ll have some price swings in the first hour and a half taking us to a near overbought peak or crest that we’ll sell off from through multiple support levels. There’s a sharp drop within a period of volatility between 11:00 and noon. We’ll have a big move to the upside in the 2:00 hour. We’ll turn resistance into new support and then rotate sideways along support at a high for the day. We’ll then sell down through multiple support levels. That’s followed by a big move to the upside and then selling down through multiple support levels again into a low around the close or in the post-market.
Comentários