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DoctorBen

8,021 Posts.

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17/11/23

20:47

Post #: 70971824
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Originally posted by Calvo: ↑

Hit the 10 bar rule 10pm last night and now trading into a messy directionless consolidation.
Volume and price not telling us anything at this stage.

Underlying Bias is slightly to the upside but break of this consolidation and trade is on either side of the market.
Seasonal suggests next week will be soft; usually is after OPEX and therefore will be looking to take a short position but maybe too early right now. Will take the position only if I see clear evidence of breakdown from this consolidation. No interest buying up here.

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I agree. US feels like it's still trading with a slight upward bias atm. But I think it will get soft soon, perhaps early next week at the latest if not earlier.

Last edited by DoctorBen: 17/11/23

XJO Value at posting: 7,049.4
4 Upvote

0 Great analysis

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