Bearish bat rejection at the .886 again. Last time it didn't quite make it into the PRZ and got thrown back all the way for a 100% retrace. Let's see if it get rejected here again. My hunch is the run-up last week had a lot to do w/ quad-witching options expiration and we're due for a pullback. CMF showing divergence. A close below the prior recent high of 1709.50 would imply it's coming back down.
Commentaire:
LOL I must be groggy this morning... totally borked this drawing and realized the B point for the pattern has to be at 1709. Still think it'll reverse a bit but not because it's a bat. Could be a butterfly but we'll see...
