As expected the market found short term support at the 200 day moving average, were buyers stopped the selling and helped to bring up the market from the session lows.
Volatility is still very intense, making trading very difficult for everybody.
This week is options expiration week so I expect the volatility to intensify even more.
Resistance is now around 114.50 and support still at the 200 day moving average.
Keep shorting the bounces to 20 EMA as those are the trades in the money.
Volatility is still very intense, making trading very difficult for everybody.
This week is options expiration week so I expect the volatility to intensify even more.
Resistance is now around 114.50 and support still at the 200 day moving average.
Keep shorting the bounces to 20 EMA as those are the trades in the money.
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