Sep. 14 at 10:33 PM
$MU $MUU
@johh22 bounce can continue near the 20 MA sitting at
$960 as of close.
Today's PA left a bearish FVG topping out in the
$970's so I do think if there's no news until FOMC a test towards that area can makes sense. A close out of that FVG and things can change positive very fast. I'm not thinking this will happen though BEFORE FOMC.
To the downside I won't really care until i see a close under
$887 because if price comes down to that area and bounces the structure would still remain bullish. A close under
$879 before 9/18 would show a high probability of going to a further low.
A close below
$879 can bring to the levels you noted and even lower especially if we get a VIX spike to the 20's. I would be watching
$790 and
$820 as a key area of support.
