Let's see if last week's bear trend continues into next week. I consider it intact below 2884ish for now and will look for re-entries short above 2874. 2884 has been retested twice from below, once on Thursday and once on Friday. Both retests were brief.
A nice retest of Friday's VAH (2878) or VWAP close (2880) and then inverse rocket would rock.
Given my overall bias is still short below 2884, I will only consider longs in the far VWAP stdev outlier zone (2865-69)...or if there is suddenly a ton of momentum heading up through 2875. Friday's VAL sits at 2869.
A nice retest of Friday's VAH (2878) or VWAP close (2880) and then inverse rocket would rock.
Given my overall bias is still short below 2884, I will only consider longs in the far VWAP stdev outlier zone (2865-69)...or if there is suddenly a ton of momentum heading up through 2875. Friday's VAL sits at 2869.