It Appears we are rejecting our Weekly Support
Level at 33,500
We can see a Range forming above the Lows which
Is a good sign for the Bulls
Holding 35K Psychological Price point. We have a few
scnearios that can play out.
1 We go Retest the Lows , which is where most Long term
and positions traders are looking, which I think is most likely.
2 We continue to Range on the 4Hr
3. Buyers step in on the Weekly and drive Price back up to 39,200 Price point
Level at 33,500
We can see a Range forming above the Lows which
Is a good sign for the Bulls
Holding 35K Psychological Price point. We have a few
scnearios that can play out.
1 We go Retest the Lows , which is where most Long term
and positions traders are looking, which I think is most likely.
2 We continue to Range on the 4Hr
3. Buyers step in on the Weekly and drive Price back up to 39,200 Price point