Expectation market heading higher today towards 5715+
Higher open and expectation that price would come down first before it goes up…
Expectation that any down move would be back into the previous day’s highs @ 5580 before any UP trend would develop…
Dilernia pivot @ 5641 and Spiral top high
Bullish price action will find support and rally higher into close towards 5715
10:30
1. ‘Short’ Entry 5636…. Looking for 44 points down
Stopped 5639
2. Short Entry 5643
Stopped 5649
Market moves up 44 points @ 5667 next Spiral top
Higher risk ‘shorts’ as expectation heading towards 5715+
3. Short Entry 5664
Stopped 5669
I know where the market is trying to move towards, but today it’s not playing out the way I wanted it to….
This move upwards towards 5715+ is occurring much faster and early in the day for my liking, a more robust move would have moved down into the gap and then rallied higher towards the close.
When it’s heading towards the highs early, there often can be selling in the afternoon
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