Since 2016 we are in a Bull trend. Now we are in the middle of a range of distribution, so we have to wait to the final show (fireworks) with volatility raising, new max and happy news.
In the short time, yesterday was a lose oportunity to falldown into the lower zone channel, a rejection with big volume in 12800 (a relevant block of 149 sell marketorders in the 12740 that finished with the perforation), maybe a random walk to 13.020-13.150 destroying stops in both sides.Volatility is increasing. I don´t see a new high in the next weeks, but the SP500 don´t help, they are reaching the 2700.
In the short time, yesterday was a lose oportunity to falldown into the lower zone channel, a rejection with big volume in 12800 (a relevant block of 149 sell marketorders in the 12740 that finished with the perforation), maybe a random walk to 13.020-13.150 destroying stops in both sides.Volatility is increasing. I don´t see a new high in the next weeks, but the SP500 don´t help, they are reaching the 2700.