An interesting day, price-action wise, yesterday.
Today, more Q1 earnings reports – may put spanner in the works.
Overnight, price coiled around the highs of yesterday. Price is above yesterday’s POC and has tested yesterday’s high several times.
My take is that price will shoot through the October highs. As to whether it continues, that’s down to earnings reports out today. However, it might want to shake out weak longs first. If that’s the case, price will take out yesterday’s high then come back into the overnight range before continuing to the upside.
Having said all this, I will wait for the NY session open for guidance.
Today, more Q1 earnings reports – may put spanner in the works.
Overnight, price coiled around the highs of yesterday. Price is above yesterday’s POC and has tested yesterday’s high several times.
My take is that price will shoot through the October highs. As to whether it continues, that’s down to earnings reports out today. However, it might want to shake out weak longs first. If that’s the case, price will take out yesterday’s high then come back into the overnight range before continuing to the upside.
Having said all this, I will wait for the NY session open for guidance.