Watching the daily IB break on PONY for potential clues on how our daily eq may break. Looking for a significant move on a multi day / week swing, with a significant area with a lack of resistance. Would love to hear your thoughts on this setup and others!
Comment:
This is getting tight but increasing bear volume today has be concerned. Bollinger bands aren't opening to the downside, which is good, so if bear volume does not increase tomorrow there may be a potential bottomfishing play form the bottom of the eq