Nice idea!
I think the current market sentiment is overextended. The drop in CME institutional trader net position last week also indicates 11k is overpriced for the short term. Even though the actions in the past week broke us out of the technical downtrend, we can’t shoot up in a straight line.
What do you think of the analysis below?
I think the current market sentiment is overextended. The drop in CME institutional trader net position last week also indicates 11k is overpriced for the short term. Even though the actions in the past week broke us out of the technical downtrend, we can’t shoot up in a straight line.
What do you think of the analysis below?