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I'm finding the market very difficult to trade. we've been ranging between vpoc on the 15min and the vah. being above vwap...is this an area accumulating shorts getting ready to sell-off??
Kissed the 61.8% Extension (Picture 1) and retraced right back to 23% retracement line on the nose (Picture 2). Possible RSI divergence in play. Strong support at 4330 (Picture 3) which is also high from previous swing, if 23% retracement doesn't hold, BUT there is some additional support at current low not shown (along with 23% retracement) that may contain any more slide. Key level for next week is 4422. Reminder, this is the index, not the futures prices. Hooah!