📉Market exhibiting signs of potential downside due to failed breakout and lower highs.
📈Daily uptrend still intact, with potential for higher low around 45110.
🔄Price acceptance above 45550 could lead to further upside and potential short squeeze.
⛅Market internals showing mildly bullish signals, with positive volume flows and advancing decline line.
📉📈Potential scenarios include a breakdown below 45390 or a breakout above 45550.
What are the key levels to watch?
—Key levels to watch are 45390 for potential breakdown and 45550 for potential breakout.
What happens if the market gaps up or gaps down?
—If the market gaps up, buyers need to show strength and hold above the range. If the market gaps down, sellers need to break below 45390 for further downside.
What is the significance of 45110?
—45110 is a key level for a higher low and potential continuation of the daily uptrend.
What are the potential bullish and bearish paths?
—The potential bullish path includes a breakout above 45550, while the potential bearish path includes a breakdown below 45390.
What are the market internals indicating?
—Market internals are showing mildly bullish signals, with positive volume flows and advancing decline line.
00:00The market is uncertain due to mixed signals from the Fed and the upcoming PCE inflation numbers.
01:34The market is exhibiting signs of potential downside, with failed breakout and lower highs.
03:43The daily uptrend is still intact, with potential for a higher low around 45110.
06:15Price acceptance above 45550 could lead to further upside and potential short squeeze.
09:05Market internals are showing mildly bullish signals, with positive volume flows and advancing decline line.
11:40Key levels to watch are 45390 for potential breakdown and 45550 for potential breakout.
13:20Potential scenarios include a breakdown below 45390 or a breakout above 45550.
