Excerpt from a Kardec Trader YouTube video (live trading commentary). Two speakers discuss market behavior: yesterday's close near 66.92 (current print 66.91), observing aggressive buying and lack of relief pullback, and possible short-term trade ideas around 6700–6705 levels.
Around 66.92 (current hit noted at 66.91).
6700.
6705S.
This isn't necessarily.
A trend, so to speak.
This is necessarily.
A little more of a quick little relief to go fill those zero prints. Also, yesterday's close is around 66.92, which is right where we're hitting 66.91. So yesterday's settlement right around there.
All right, so what's in my head right now is mainly just now observing for any type of either A buyers to become trapped, C or B any type of absorption or see any type of strong, aggressive selling to go for that quick little pullback. It's just a little difficult to short this pullback because of how strong and aggressive the buying is. But there hasn't been one relief pullback yet. Value is shifting higher.
Maybe we look to long a quick.
Pullback and say that 6700.
Needs to trade first. 6700.
6705S.
