Today’s chart looks like more of the same from the past few trading sessions. Prices trend during the overnight session, then turn sideways and choppy at the regular session opening. There is an overhead gap today due to the overnight rally, so prices will probably try and fill that gap. That target is down at 7667.75.
Should prices turn higher, look for the overnight highs to be your first possible target followed by a measured move upwards. The recent M.O. has been for prices to drift lower, and that will likely continue until we find a bottom, so do not rule out anything happening today, other than I would count on mixed trading at times.
Hey Mack, small tip on the mid-morning chart posts: the chart image isn’t clickable, so it’s hard to zoom in. If you set the image’s Link to → “Media File” in the editor, clicking it will open it full-size (your site already has a lightbox, so it should pop right up), and people can save it too. Uploading the screenshot at full resolution helps the zoom actually show detail. Tiny change, big difference for reading the setups. Thanks for posting these!
I had originally made these “non-clickable” on purpose, as we had some dishonest types stealing our work and posting it elsewhere and claiming it as their own personal work. I will change that back now and hopefully we don’t have any further issues with the theft of our proprietary data. I might even start placing a watermark on our materials to be sure. Either way, you can enlarge this one and I will make them clickable going forward.