Opening gap closed.

Doji range day. Opening gap close, rallies faded and dips bought.

DOWN DOWN DOWN.

We are at the bottom of the bear channel, also every down day sees a rally back towards the top, so I would expect to see us rally back towards 4030 tomorrow.

Globex H- 3995.00

Globex L- 3969.25

100 SMA - 3909.00

Looking now I believe that the channel could break down touch the 100 SMA and then snap back into a rally. I believe that a BO to the downside would trigger a channel reversal and could break the bear channel we are in.

We broke out the bottom of the bear channel. Could still have more downside, awaiting a level where the BTFD comes in strong.

We have now rallied back into the channel. Each break out of the channel has saw a large over-correction in the opposite direction. So, I am looking for 4050's. But there are areas before that, that could be resistance.

BTFDers came in strong at the low and ran price back into the channel. Overall doji day, good sign of a channel reversal.







I will be looking LONG tomorrow. But again I trade what I see. So we will see what tomorrow brings.

Rally up to channel line and then pulled back to daily VWAP.