traderdan59

traderdan59

After yesterday big rally, can the market continue its upward move.

traderdan59

Market has been on side ways mode since earnings began.

traderdan59

Market seems to have traded in a zone last week. Let's see if it can break out of last week's zone of trading.

traderdan59

Market seems to have bounced back to yesterday's day session upper zone. If it tests yesterday's day session High and gets rejected, it would be a goood point of entry for shorts.

traderdan59

It would be interesting to see if Bulls can take the High of the Zone out. If not then it is going to be a day for bears.

traderdan59

Levels to watch for month of January 2019

traderdan59

Market has been going up for last couple of weeks. I suppose we should look for a pull back any day.

traderdan59

Price needs to test this box prior to making any move.

traderdan59

Perhaps there is one more push. Time will tell

traderdan59

This rally looks very weak at this time. Perhaps Bulls are getting tired of such a weak rally.

traderdan59

Let's see if there is a nice bounce next week around tax due date in anticipation of tax refund. But long term trend is still down till end of Summer. Price and Time has not squared yet according to Gann theory as it did when it reached the Top.

traderdan59

This rally might be over for a while. RSI is divergent and has been sloping down.

traderdan59

As long as 7400 holds market should go up to next target of 8700