you can use Bookmap to identify the high liquidity levels which with important areas like pre market high/low or last day high/low can be valis S/R
So far no Support confirmed by a Higher Low in the hourly. Let's see what happens tomorrow at the open.
Given that we are at this precise time exploring these levels. Which ones would you consider more important in order to stop and reverse a trade?
%% OK, we did read that in a book,LOL; but since they were real stocks/ETFs, we knew something could be profitable there/here.It turned out to be true, just don't over do it .....................................................................
Yesterday we found enough buying to stop the fall but not strong enough to reverse the trend. Seems like we are in a congestion. Wonder if anyone would like to share his or her hypothesis regarding possible breakout directions based on the previous trend and where price is at from a Support and Resistance standpoint.
Ok, we finally found Support and a Higher Low gave the signal for a long. Now we are on our way to the next area above 9050
%% OK; SPY,QQQ looks long + strong uptrending bull market/200dma . DAL sector is so far below 200dma; slow mo crash or bear trend.............................................................................................................