A short-covering rally after a period of weakness is always tricky for buyers because new buyers need to step in now to confirm a low. As a buyer, I would prefer to see a probe below the 5530 HVN that fails, rather than the current low formed on Friday.
VIX levels have been corrected—thanks Jeremy!
Thanks! 5575 was a banger!
With both D and W in balance, it's not surprising to see rotationality emphasized for the second day in a row.
The 5616 level seemed to sit in the center of a concave saucer, with all activity gravitating to it.
monthly VWAP is in there.
At the same time, consecutive lows also look ugly.
A short-covering rally after a period of weakness is always tricky for buyers because new buyers need to step in now to confirm a low. As a buyer, I would prefer to see a probe below the 5530 HVN that fails, rather than the current low formed on Friday.
At this rate, release date in 2030 ;)
How do I get there?