After seven attempts lower from the highly trafficked VPOC, the market is now for a third day drifting up and away from the scene.
The $51 level has been the scene of responsive buying twice in recent history. Early on my primary expectation is for buyers to probe above the recent high and target $51.545. Otherwise a second scenario would be sellers whacking prices lower to start the return to MCVPOC $49.10.
Here’s a picture of the intermediate term traffic jam:
I’m up all night to get lucky.
we’ve come too far