Morning Traders,
We saw some of the weak longs get flushed out yesterday at the close, as we ran into some pretty stiff support underneath in the 4550 area.
I would expect the 4550 area to be pretty key today, as I think the longs will begin to throw in the towel around 4540 and not be that interested to re-try the longs until near 4500. 4500 in that scenario would become HUGE as the market is vulnerable beneath that.
On the upside, I would look to see if the market can get back to 4565-67 area. If we can, the market is back in that upper distribution and I would expect it to climb towards 4590.
Two scenarios, I think the more likely scenario is the second, but as you guys all know, I'm a perma bull in this market :)
We saw some of the weak longs get flushed out yesterday at the close, as we ran into some pretty stiff support underneath in the 4550 area.
I would expect the 4550 area to be pretty key today, as I think the longs will begin to throw in the towel around 4540 and not be that interested to re-try the longs until near 4500. 4500 in that scenario would become HUGE as the market is vulnerable beneath that.
On the upside, I would look to see if the market can get back to 4565-67 area. If we can, the market is back in that upper distribution and I would expect it to climb towards 4590.
Two scenarios, I think the more likely scenario is the second, but as you guys all know, I'm a perma bull in this market :)
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。