30 Nov Wed
At the beginning of the week price wicked down as expected. Yesterday behavior of SP500 was difficult to read, as it looked it's gonna break below the range, retest it from the bottom and fall down more. Instead bulls managed to push the price back to the range which indicated continuation of bullish scenario. After SP closed we have seen a pump that reflected the optimism. Run up to 17160 is great as we broke past huge chunk of volume visible on vpvr. There is compression on the left and illiquid area above so in case of SP being very bullish for the rest of the week we might see a run up to 18500 which is next supply zone.
At the beginning of the week price wicked down as expected. Yesterday behavior of SP500 was difficult to read, as it looked it's gonna break below the range, retest it from the bottom and fall down more. Instead bulls managed to push the price back to the range which indicated continuation of bullish scenario. After SP closed we have seen a pump that reflected the optimism. Run up to 17160 is great as we broke past huge chunk of volume visible on vpvr. There is compression on the left and illiquid area above so in case of SP being very bullish for the rest of the week we might see a run up to 18500 which is next supply zone.
