VS - Naz has done that the whole week.
At about 11:30, nosebleeding at a 4 days upper range of a downtrend channel.
Volume on futures has stalled as usual pre-lunch.
Hoping for a 3615 close, 4th candle in the ladder bottom *grin*. 3615 must mandatory resist, or the ventilator will be switched on short term.
September downtrend line (thru the highs) has resistance at 3785 for today).
So 3615 has to hold, or COMPX must close above 3785 (even better above 3803, Fib level and strong resistance also).
In fact, I would not like to see the COMPX rally today:
after a down week, I expect the shorts to take their chips from the table before the week-end. Covering shorts meaning buying, Fri would be up.
If we were to be higher today, shorts would cover today, leaving few traders positionned for Friday.
JMHO. |
