SIMPLE RANGE BOUND TRADE
MFI BULLISH
SQZMOM JUST STARTED TO TURN BULLISH
VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW
TARGETS 325 350
SL upon breach of current support at 285 (on EOD basis)
MFI BULLISH
SQZMOM JUST STARTED TO TURN BULLISH
VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW
TARGETS 325 350
SL upon breach of current support at 285 (on EOD basis)
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Not the clearest of SL breaches, Feb gap also still remains unfilled. Let's see where we open tomorrow (and also close)
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Note/Disclaimer: This is a strictly technical view, not a fundamental one.
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Looks like the support is validated and rebound has begun. Nice.