Week ending 2016-May-06 Review

20160506_13500t_Week_01

To review the action of the whole week we use a 13,500 ticks chart and reduce the indicators to only XBP Bulls and Bears Support and Resistance (XBP BB SR) , XBP Tape Players and XBP Key Market Times. We recommend to keep this screen always open during your day trading to give you context of the action over the span of the last 15 trading days.

Last week the XBP BB SR indicator gave us good volume reads (green bars) near the following levels:

  • 2075
  • 2060-2058
  • 2051-2050
  • 2042-2044

We will keep a close eye to these levels during this new week for possible support and resistance levels.

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