Morning gap got bought, obviously. My SPX 4218.70 short from last week was taken out to the downside before reversing at 4189.22 back to 4241 . My QQQ 351.80 short from last week was also taken out before reversing intraday strongly back to 357.50. VIX was my 1st tell as called it live this morning that it would likely would come back down to 20.44 area once it tagged and got rejected at the WKLY BB + KC (Bollinger band and keltner channel) resistance (red arrow on chart). We can even overshoot - see chart with Hrly trendline tag at 19.98, daily 8D tag 19.61 and Wkly support down near 18.70/21 area.
Share this post
Crashing Up?
Share this post
Morning gap got bought, obviously. My SPX 4218.70 short from last week was taken out to the downside before reversing at 4189.22 back to 4241 . My QQQ 351.80 short from last week was also taken out before reversing intraday strongly back to 357.50. VIX was my 1st tell as called it live this morning that it would likely would come back down to 20.44 area once it tagged and got rejected at the WKLY BB + KC (Bollinger band and keltner channel) resistance (red arrow on chart). We can even overshoot - see chart with Hrly trendline tag at 19.98, daily 8D tag 19.61 and Wkly support down near 18.70/21 area.