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i was just stating the obvious really.. im just now putting some time in with vwaps so no, it is not part of my setups. but shorting from failures at major S/R lines per my small time frame setups is..
dont believe anything you hear and only half of what you see
Yeah, and here's how you trade it according to monpere. There seems to be much more analysis, then identifiable and repeatable trading ideas in the thread. It'd be cool to see more of this kind of entries from others. By the way, what is the indicator at the bottom?
A great deal of support at the 3025-50 area. If we come down and find support, it seems extremely likely we will bounce a bit and come back up into this consolidation trading range we've been in for almost 3 weeks (3000 to 3300).
However, if sellers really pick up momentum and we break 3000, I think it could cause an accelerated move down to 2700.
Based on the news (which I try to ignore as much as I can), I would say this "holding pattern" (trading range) is the most likely scenario for the time being.
Edit: Oops should be "HL or LL depending on context" on that first one, type-o.