Updated: Jun 5
Day’s Theme: Some bumping along resistance with a move to the upside.
Behavior Around the High: A period of sideways rotation.
Behavior Around the Low: A notable decline standing out on at least a one-day chart.
Exclusive Trade Opportunities for Subscribers:
I’m advised to trade around a decline through multiple support levels.
There’s a trade opportunity around 1:00 p.m. with another failed attempt to break through key resistance followed by a decline through key support between 1:00 p.m. and 2:00 p.m.
A trade opportunity around the close.
On June 26th, we’ll probably bump up against resistance early in the day and then decline. We have an important technical price level highlighted here early in the pre-market. There’s also a lot of price change in the pre-market. Right around the open, there’s an important resistance level highlighted and an unexpected move higher into a crest or peak around 10:00 a.m. where we’ll attempt to establish support. There’s also a low between 10:00 a.m. and 11:00 a.m. and three crisscrosses through the same price level confirming a bullish trend between 11:00 a.m. and noon.
We’ll have multiple failed attempts to break through key resistance between noon and 1:00 p.m and a sharp decline that starts around 12:30 p.m. There’s a trade opportunity around 1:00 p.m. with another failed attempt to break through key resistance followed by a decline through key support between 1:00 p.m. and 2:00 p.m. There’s a notable decline into an important bottom in the last two hours. Out of that bottom there’s a sideways-fluctuating rally in the last hour. There’s a significant trade opportunity at the close. There’s a low around the close.