Not a terribly difficult trading range today.
ATH’s above us, 35EMA below, bottom of the implied move 535
Bearish divergence in strength. 30min 200MA likely on deck
Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is driving me crazy but we don’t seem to get any sell off volume.
The 1hr 200MA is underneath the 50DMA (which is the 2hr 200MA) and that is a hidden bearish signal.
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