Theme:
An opportunity to position yourself in both directions due to volatility.
Around the High:
Sideways-S formation and trade opportunity.
Around the Low:
Big push higher out of the lows.
Overview:
Significant low in the pre-market that we push out of, with a surprise failure around the open. We break down sharply through a notable support level in the first half hour. We have wild swings and fluctuation between 10am and 11am. We bump up against a resistance level between roughly 11am and 12pm, and then we fall and the moving averages that are bearish will act as resistance on the way down. There is also a low correlator there, and there is a big push to the upside in the next hour. This is likely from being oversold since it is the Adjustment card. We bump against the top of a range between 1pm and 2pm and have a sharp decline in the hour after. Between 2pm and 3pm there is an opportunity to position on both sides of the market. In this hour there is a sharp drop form the high as we dive from the top of a range. We come back from the notable low in the last hour as we bump against resistance and break through them. Somewhere in the last hour is where we see the bumping, and there is a low correlator in the last half hour. Right around the close we have the Victory card, so we may have a breakout. There is also sideways rotation along a price level.
#MoonLibraOppositionChironAries @2:39am est.
#MoonLibraSextileMarsSagittarius @5:07am est.
#MoonLibraQuincunxUranusTaurus @7:13am est.
#MoonLibraTrineSaturnAquarius @7:55am est.
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