I'm currently testing how balance areas work out and the 2way auction process.
We've just moved out of balance and are getting higher again.
If we test the last balance area and bounce up - the next resistance is around 2804-2816 (previous big balance area)
If we fail and go lower - we will test the lower end of the last balance area at ~2680
We can of course test higher right away. On Thursday we had bad news but the market recovered fast so this may seem like a strong market.
But on Tuesday there is full moon so things may bet emotional.
We've just moved out of balance and are getting higher again.
If we test the last balance area and bounce up - the next resistance is around 2804-2816 (previous big balance area)
If we fail and go lower - we will test the lower end of the last balance area at ~2680
We can of course test higher right away. On Thursday we had bad news but the market recovered fast so this may seem like a strong market.
But on Tuesday there is full moon so things may bet emotional.