This morning's market stayed within Friday's large volume area, and also found support at the overnight low of 1056. The market bounced off that low without a divergence signal. After that the market found support at the VWAP line until the market ran out of sellers. It is now finding resistance about 2 points above the overnight high.
We didn't get the usual patterns, perhaps because of slightly thin trading volume. The market was a little more volatile than usual. Overall, the bulls beat the bears.
Charles
Charles, what M.A did you use on the 5min VXX chart ?
ReplyDeleteHi Max - it's been a while.
ReplyDeleteThe blue line is the Midas Average invented by Paul Levine. The white line is a 10-period SMA of the close.
Charles
thanks Charles
ReplyDeleteI missed buying the VXX last week around 29.00
I am hoping we move back up to 1080-90 to get another chance.