Market prep
consolidation over last two days - neutral
50 handle jump from CPI.- bullish
1.30 Data pushes price up but retreats - neutral
Price currently below VA low - bearish
Yesterday higher high and higher low - bullish
ON inventory breaks yesterday low - bearish
Projections -
Break lower - consolidation over two days. Poor high at top needs to be met. Yesterday low broken from ON low. D profile looking for new price range. - 5/10
Range bound - two consolidation days with small range. Finished profile yesterday looking for new area of price.- rotation lower - 6/10
Break higher - d profile indicates search for new price level. Poor high could be taken out. not broken 4500 and bounced off 4509. - 7/10
Price dropped lower touched supply zone at 4500 and moved higher rallying at the end of the day.
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