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The market broke up at the open through Resistance 1 and to the tick stopped at the bottom of the upper zone. After that a push down through resistance 1 and then price just pivoted around resistance 1 until a push that didn't quite make it to resistance 2. Back up to within 2 ticks of the bottom of the upper zone and then down to resistance 2.
I'm done SIM trading for the day. Price opened just below our resistance and broke through. Smooth sailing up to the bottom of the upper zone. Now it it stuck trying to figure out what to do. Have a good trading day all.
Price opened just below our resistance and broke through. Smooth sailing up to the bottom of the upper zone. Price rested at the bottom of the zone for 10 minutes and then broke up. The third time was the charm at the top of the zone. When the market decided to reverse it went right back to the bottom of the upper zone.
The 1147 was penetrated from this mornings discussions but it was a good general area today multiple times. The picture speaks for itself. Sorry, mucho tired from the day job so that it for tonight.
The zone edges were quite good holding price in today. But the third attempt at the upper zone and price zoomed right through. Price also hung around our upper resistance line a lot today.
Upper zone: 1146 - 1149 (sorry about inverting the numbers this morning)
Resistance 1: 1144 NYSE Open: 1142.50
Resistance 2: 1140.50
Lower zone: 1138.50 - 1135.50
