I reviewed the expected trading pattern for cash session tomorrow.... almost always the open is a gap up open price with an early high, a mid of the day low and higher high into closing bell.
In other words, not safe for bears..Today we got demonstrated that support @ 2880 is strong and will hold also tomorrow....
Today's pattern correspond what was predicted as alternative on yesterday post:
As we had an early low at around 10am... and a low into closing bell.
Notice last 5 minutes trade how that MEJTtarget printed and acted as support! ;o
SPX trading pattern for Tuesday, April 9th / 2019 is expected to be the one with an early low (gap down open ), decline into 10:00 am, rally to a high at 11 / 11:30 am followed by a decline to a low at 1 / 1:30 pm then rally to a higher high into closing bell.
The alternative pattern has a similar pattern to the one described above but with a variant where there is no rally into closing bell but a decline to a lower low into closing bell.
2 comments:
spot on
Thanks ;o
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