Move to 11xxx and then down to test 9k once more
The chart explains itself really.
Comment:
Looks like 108xx was the top for now, consolidation or drop? I think drop.
Comment:
Unless… The BIG whales TRAP the BEARS here between 103xx and 107xx
That would then, likely result in a move to 11400 soon before 9k later this month.
if 9300 support is broken, 8300-8700 range would be next.
That would then, likely result in a move to 11400 soon before 9k later this month.
if 9300 support is broken, 8300-8700 range would be next.
Comment:
If I was holding a long postion right now at 10700, I would be looking to exit around 111xx
I would Short to 9800 from 11xxx
Then wait for a Long opportunity to present itself after testing the supports later this month.
I would Short to 9800 from 11xxx
Then wait for a Long opportunity to present itself after testing the supports later this month.