Responsive selling at the 4k level. Looks like there capital ready to sell anything that goes higher. Rejection occurred down to the bottom of the 3 day value area. A break south of there would push down to 38 or 37. The previous POC 4 days ago was at 37, which probably will serve as the Support.
Kommentar:
Initial rejection at the value area, still looking good for short
Kommentar:
Sorry, initial rejection at the edge of the value area.
Kommentar:
Auction is two sided at these levels. Would like to see another push down to see if we get initiating or responsive results.
Kommentar:
POC moved down to 3891... good sign. We are breaking down.