As expected, we’re seeing some end-of-month (and 3-month) volatility:
Let’s see if they hold 57207 and then 55575.
The Bigger Picture
There’s a lot going on today. We have the 3-month paint, 1-month paint, and 3-day paint.
Starting with the 3-day chart:
If they close below 57207, it would signal a continuation of the 3-day bear trend from the highs of mid-March.
On the 1-day and 12-hour time frames, we have an intact bull trend:
They need to close above the 57011 area for continuation. We’ll get a clue when the 12-hour candle closes in 3 hours from now.
It could be a bumpy ride today, so strap in.