Bulls found some sort of solidarity in the FEDs minutes today. And showed it with a strong stance by buyers closing the day with strength and displaying the majority will of todays retailers. And their desire to reap profit from this shopping season .
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
Yet still struggling to break and hold above $183
Looking like a range bound day