yes all based on the weak close, but cumulative delta kept spiking up. Directional spikes. (large orders) .. So have to trade what you see currently and not in the past.
With current ranges hovering over 100 points - what's 60 points? Seemed like a good pullback low to me.
Looks like the market wants to finish what it started yesterday. If today successfully trades back into last week's range, I'll guess that green week I was suggesting on Sunday may be in play. I like a 5350 touch pre-market if this dip is absorbed. Will simply be watching for continuation or a failure on the Open. 5400 looks like a good number if we find a bid on today's open. No hard statistics to back it. Just intuition and 'the eye'. The yen may also be a factor in play. On the other hand, there's that anticipated attack on Israel which may happen. I would guess that should make for a good sell-off.
I know what you mean, I don't think we have any more stock market crash kind of sell off if we trade above 5350. Looks like big boy want to bid it higher to sell at RTH. No technical, just Conspiracy theory LOL.