riskon, many things happens at the same time
It's our job and burden to find and choose what matters
One thing I look in a day like today is last hour of friday.
That hour was bull (sorry, couldn't resist), meaning bullish (white candle), and was strong.
That last period is supposed to be pros so pro money.
Usually pro money do not get trapped, meaning that HOD should be reached pretty soon.
On same page, if that candle is violated is usually not a good sign , meaning opposite forces are stronger.
192.54 was the low of that last hour candle.
A violation is a red (not hollow red, not doji either) candle
so basically a candle that closed bellow open by more than few pennies and bellow that number
That's the first thing to look, that I look
Other than that other things will start happening as we go
Imo since friday was strong today were 2 options, to gap up or flat and go up, and option 2 to go sideways consolidating
This morning it seems a bit strong down for either of these options, and again the weekend call holders got no reward but kick in the balls yet again, that's the thanks they get for suffering weekend decay, a not follow through even after so strong prior day
There is no question in my mind that d50 is the next stop, the problem is to be able to avoid these down moves in the way there
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