were just about at that level (es1!)

price action appears to be affirming the bear case so far in the new weeks first session. momentum, magnitude and direction are all consistent with a roll over. as long as the price regains its footing soon, id imagine there could be a place for dip buys, but if it crosses below vwma 20 and cant regain the current autoanchored vwap on the 15 min-1 hr this is bad for bulls. with a big gap down monday id imagine were in for a bit more of a sell off. as long as we hold the lows however were still bouncing off of critical support on the daily.
4659 if were bouncing, 4621 if we sink
this is a bull market, but its clearly very tired

Kommentera:

just realized i put monday instead of tuesday; sorry!