weekly ATR based on 68 weeks is 43.15. off this week low, that would put us at a full ATR move if we hit 1585.75 today. hard to believe we extend much past that given the lower low on weekly chart established last week.
not sure if that old data is relevant. since volla in April has been higher than normal. It is certainly a possibility that price takes a stab at 91/92 by tomorrow. Though I would like price to correct since I am short
this volume spike could be due to CBOE just coming back online. It was not working from the morning. But seems it couldn't handle the load and has lapsed again.
I didn't have volume but i was watching T&S on IB and suddenly i saw 1k, 2k, 5k steams on the datafeed. If this was due to CBOE, I am not sure of the significance. but still we should correct for at least 2-3 points from here.