SDS…will put in an ORH day with a close over 36.71
This is a pattern we are inclined to take given the RSI’s “Overbought Stocks”
“Oversold SDS”.
Spu’s…would need a matching close under 1683 to take the signal.
The Pit session S&P would need a close under 1685.70 for an ORL.
We need to see sustained price action under 1683 for lower
VIX…the cash put in a tradable low this A.M…13.31 is 1st resistance.
Closing over 13.40 is the daily ORH, which could telegraph the start of a sell off in equities.
Time Frame Trading…this is just the first wiggle today going into London’s close.
This will be an end of day game played out in the last 30 minutes of the NY session.
