11th Dec 2019

@9.00 AM

NF closed at 11902

VAH - 11956
POC - 11938
VAL - 11914

Hypo - 1 - If price opens below the YVAL, price might drive down to test 9th Dec low  11855. This zone is a huge support zone, price needs momentum to break below 11880 to test 11850 / 11840 level.

Hypo - 2 - If price opens inside YVA, price might do some balancing moves, it might take support at 11900 (Y Volume PoC) and bounce to test 9th Dec price PoC 11980 level. 11960 zone seems to be a resistance zone, if sellers are more, price might drive down to test 11840.

Hypo - 3 - If price opens above YVAH, price has to break Yesterday High (around 11970) to test 12040 zone.

Side Note:
1) yesterday price was going down very slowly. not a good zone to short until 11880 is broken with momentum.
2) 12040 Anomaly still has not been cleared
3) today opening is important for deciding the trend.
4) ViX was up 5% for long then crashed to -6% at 3pm and closed Flat (14.29). from last week ViX is swinging up and down

@9.08 AM

Pre-Open - 11867 (+10.55)


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