As Day Traders we don't care which way the market goes. If its a bull market or a bear market. We solely look to capitalize on either direction the market goes.
Major support areas
1. 30650
2. 30120
3. 29600
Each of these levels allocated a bounce, support, and resistance before all time highs were broken.
DAILY TAKEAWAYS:
1. 200 MA clearly broken
2. BOS / support & resistance zone clearly broken.
3. Bullish hammer pattern bounce last time off of 30650. Traders are going to be targeting this area. I wouldn't expect a major bounce just a short pullback.
Major support areas
1. 30650
2. 30120
3. 29600
Each of these levels allocated a bounce, support, and resistance before all time highs were broken.
DAILY TAKEAWAYS:
1. 200 MA clearly broken
2. BOS / support & resistance zone clearly broken.
3. Bullish hammer pattern bounce last time off of 30650. Traders are going to be targeting this area. I wouldn't expect a major bounce just a short pullback.
