I dunno, man. If the lid pops off the market at this time of the day, everyone's gonna pile on at once.
Reading the chart and using common sense, I'd completely agree, but surprisingly my main system indicated a very high probability of this staying an inside day and if taking out the PD high; not by much. Turned out to be the latter. Let's see if this get legs now or if not. Either way I'm just flat and looking for now.
We tagged yesterdays Lo with a great Lo risk buy side opportunity at 10am CT time... while Fibs pulled us up right into R1 zone again & slightly above with a higher high... Nice predictable range bound day with money to be made.... Bullys have the wheel as power is still up until we can take out and close below that 2530 ... Opportunities are always present from both sides of the plate!
Perfect close for a Gap North... anticipating a gap n go today... up to 2775-80, next magnetic Fib level... followed by a reactionary move. R1- 2735-40 R2- 2775-80 R3- 2815- 25
I anticipate PA to be sideways & North...grinding upwards.. much like yesterday.. as we build out here...R2 should act as the magnetic pull North... Long until this level R2 is tagged.