Its turning out to be another slow day. I have contracted my range estimate from 25 points to 20 (blue rectangle). I think we have seen the high of the day. The low should be around the 803 level which coincides with midpoint support based on the preceding reaction from 830 to 775 (purple dotted line).Once the reaction low develops I shall be expecting a move up to 875.
2 comments:
Looks like the ole Tuesday afternoon bullish bounce now, but you have been beautifully keeping us on right side of things.
Thanks,
Ron
Hi Carl,
To my dismay, I was stopped out of my longs which I was in from 787.00 and went short at 816.00. I think we're going higher but my reverse stop was hit, so I'm now short until I get another buy signal.
Thanks.
Kindest regards,
PM
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