At 0950 ET, VIX turned Green and stayed Green. At 0955 ET, the Technology Sector turned Green. At 1015 ET, a lot of other things started to turn Green. This all happened after the market closed the gap of Thursday's close.
After the market traded above today's VWAP Line, it temporarily found resistance at the 0930 ET open, but buying quickly returned on the test of the VWAP Line at 1035 ET. Currently, the market is finding resistance just below the Pivot Line, which the market came close to touching on this correction of this morning's down gap. Remember that the market will try to touch the Pivot Line 70% of the time on gap openings.
Charles
No comments:
Post a Comment