Here are the key times for this video:
Summary of Monthly Chart: 0:00 to 3:37 (afterward 8 seconds of dead time to adjust the chart).
Summary of Weekly Chart: 3:45 to 6:12
Summary of Daily Chart with VWAP control points: 6:12 to 9:14
Summary of Daily Chart with VWAP control points and Fibonacci Price Levels: 9:14 to 17:30
Because targets at this point are a little fuzzy, what I wanted you to understand was the possibility of failure at VWAP price support levels around 22018.75 could lead to a correction all the way back to perhaps 21970, roughly. If we see a bounce around that 22018.75 level, and the easy money runs back into the market, given no real change in the Federal Reserve prime rate, the cash-drunken bulls will carry this market higher, regardless of how overpriced it is! I can talk about this more next week, but I need to get back to work on the two series!
Thank you again for supporting the Buffalo Trader’s Writing Desk! If you liked what you read, give us a like! Have a great week and a great week of trading too!
