most of the inventory from Friday close is short and this could cause a move back up into Friday rth session before a direction is found.
Will watch red zone boundaries and any impulse around these red zone areas for a solid trade idea.
There are lots of landing zones for down moves but the top side has some unresolved issues also.
Todays action will be a strong guild to my trading approach but primary look for me will be a bounce I can short back to the over night low. and if the up moves brakes fail then will take longs on small flag type pull backs.
Will watch red zone boundaries and any impulse around these red zone areas for a solid trade idea.
There are lots of landing zones for down moves but the top side has some unresolved issues also.
Todays action will be a strong guild to my trading approach but primary look for me will be a bounce I can short back to the over night low. and if the up moves brakes fail then will take longs on small flag type pull backs.
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