As some good observers noted today in the Stocks & Indices chat we now have a distinct lower high on 60 min and our tactics have to be in awareness of the fact. We can employ both long and short strategy but we have to be in line with the expansion range. Also note the high density of the large order deltas: this zone can seriously impact support and resistance for the next few days. Daily ranges are for us to stay realistic in our statistical expectancies (not the same as our emotional expectations).
