I began pointing out on

I began pointing out on Monday different price action that was starting to tell us intraday volatility was heating up. Multiple, wide intraday trending, with reversals. It hasn”t taken long to see the market become all about that. This hasn”t affected the market”s behavior abiding by its ongoing principles. It magnifies those principles into outsized moves. Their substantial reversals don”t measure any differently than under other conditions — they just have more room to extend.

Less volatile times offer the opportunity to get comfortable with the principles, so that they can be applied more naturally during times like this. Times like this can still be instructive, for their outsized moves making the influences and consequences clearer. Please don”t hesitate to ask any questions that can help you to better understand and to utilize the principles. You”re welcome just to monitor for signals, if that”s more helpful.

Thursday”s low fulfilled the extended downleg”s 2070 target. Its reaction up to 2083 fulfilled the target of buying pressure that had formed off the low. So long as the bounce doesn”t extend much higher overnight, oversold RSIs at Thursday”s low should be tested next — where the question would be whether sellers are done, or if we”re trending down sharply into and out of the weekend. Gapping up high enough could still put new highs into play.

Here”s The post-close Wrap recording.
https://roddavid10.mitel-nhwc.com/join/zvsvyky