InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,264.00
(
-0.74%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
85.00
(
0.35%
)
Bitcoin
64,954.43
(
-0.02%
)
Post# of 11381
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Citrati

Send PM Follow Ignore
Followers 319
Posts 15892
Boards Moderated 0
Alias Born 01/02/2010

Citrati

Re: sab63090 post# 11232

Thursday, 02/01/2024 12:06:17 PM

Thursday, February 01, 2024 12:06:17 PM

Post# of 11381
Agreed that the prior lows are now definitely coming into play. 5.75 is important not to retest further downward. When one adds the market structure (VbP) there is potential for accelerating weakness if 5.75 fails as support. Confirmation prices of such would bring 5.47 and 4.90 strongly into play whereas now they are only possibilities. This current VbP bar is the strongest support on the daily chart. Which means, if it fails to hold, it will be very strong resistance without substantial positive news to push back through.

Green Trades.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up