We usually see a slam down just before and during the CME futures closing. We saw some fud today that took advantage of uneducated investors and caused a heavy price drop.
This time around, the word is that the CME was a bit more long than usual. That being the case, we could see (and probably saw over the last week or so) a push back upward to cover those longs.
So this little dip this afternoon was a surprise for those who were probably planning on a higher close, and there is a chance we could see a push upward.
The 7500 to 7600 area seems to be where alot of TA points to a market reset/reload. If I see the price dump to 7700, I will likely go long myself.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a financial professional. Past results are not indicative of future results in any construable way.***
This time around, the word is that the CME was a bit more long than usual. That being the case, we could see (and probably saw over the last week or so) a push back upward to cover those longs.
So this little dip this afternoon was a surprise for those who were probably planning on a higher close, and there is a chance we could see a push upward.
The 7500 to 7600 area seems to be where alot of TA points to a market reset/reload. If I see the price dump to 7700, I will likely go long myself.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a financial professional. Past results are not indicative of future results in any construable way.***