October 25
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Today we ended up with another “inside day” which means that tomorrow I will look to go with the break above or below either extreme. Today’s extremes are interesting since we have the high near the top of yesterday’s single prints which means that sellers kept us below yesterday’s upper distribution and today’s low is right at the 5823 Balance Zone Level.
Going into tomorrow, I will continue to monitor last week’s low at 5850 to see if buyers can find support above it.
Bullish Scenarios:
Longs above 5852 targeting 5881.
Bearish Scenarios:
Shorts below 5838 or below 5823 targeting 5794.
Nasdaq:
Inside Day Rules