No Major change on Monday. After 1-timeframing up for the last 4 sessions the market has come into Balance. Trading Question is does it resume the trend up or do we get a down side breakout. A downside breakout targets Wed's low and a probe into the large (18+ points) Gap below. On the upside the next monthly reference is 1487.75 from Nov 2007.
Given the poor highs from Friday and Monday, I would not be surprised if we get another test of the recent highs.
No comments:
Post a Comment