Little market participation due to Thanksgiving week.
Possible Scenarios are considered:
1) If volume is thin, stay out
2) Temporary short if 4050 is rejected
3) Long if support comes in at 3928 / 4050
Weekly: ND up bar close off high = minor weakness
Daily: UT + ND = weakness
H4: Very high vol + narrow spread = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4050 3928 3751
3580 3502 3350
Remember to like and follow if you find this useful.
Have a profitable trading week.
