So what do you consider as “support”? As parameters. I’m looking at the 4 hour currently, not for trade but possible direction. Seeing that on the 18th, as references, we had price at the 20, and 50 below, but 200 was close. We had more support to push up.
Now, as the macd is cooling, the sma200 is at about $400.
I’m thinking, and this is obviously not a day trade indicator for options, that tomorrow will be up and then Wednesday we hit the 50.
Market is not even when going up vs down. And since we’re in a bull market, I’m thinking back up after hitting the 50. After that if we don’t get a new high, we could see it hit the 50 and push thru to the 200.
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