30m before the Friday pit open, I am not as clear today as I was yesterday about how the day might unfold. I opened a post yesterday morning, and then canceled out of it. I did not want to jinx myself by posting that I had a clear image of the day's direction. Sometimes I feel strong and have confidence, like in a couple posts about major turning areas. But the tools I have started to use lately are still so new to me that the confidence is not there, instead it is more like beginner's expectation. I think the market profile and vwap concepts are sinking in fast though because I already had a good knowledge of the behavior of crude oil, and now I just have a better vocabulary to define it and better visuals to organize it.
Yesterday's I period excess was overrun in the ON session, but price may still open RTH inside or below it. After the 89 test price has returned to the lower 1.5 SD on the ETH Vwap, and is coming out of major resistance for the 4th time on the 120m.
I was anticipating a test of 89.80-90.00 with that local DB, just not sure how it will get there. Straight up out of the open? check out yesterday's range first? or is it just running out of steam to the upside altogether and W5 is still up next?
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One cowardly rat dead, and one to go. No matter how much damage they do, they know we can outlast these cowards and murderers and exterminate them one by one (whether they live here or in caves or compounds overseas). No mercy
It a good day.
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In addition to that, there was an upward explosion at yesterday's close, traders shorted the excess this morning below ETH VWAP, but price has not been able to leave today's value. The IB range extension lower has failed 3x so far.
Light volume also could mean fast moves if shorts decide to cover.
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