Due to current and upcoming economic challenges, such as inflation, CPI, fed policies, and geopolitical risks, it is likely we may see further downside in the nearby future.
Comment:
Everything going as planned. Watch for 4010 retest
Comment:
401 Retested
Comment:
Watch for a small bounce to 410 before next leg down under 400
Comment:
Under 392, we go back to 360-392 range
Comment:
Failed to break under 392. Looking for small bounce to 410 as stated previously before further downtrend.
Comment:
Looks like bulls didnt have enough ammunition to hit 410, settled around 408 before heading back down
Comment:
As stated previously, under 392 and we possibly go back to 360-392 range
Comment:
Crucial area here. Lets see if it can hold 390.
Comment:
Under 390, expect to hit 386 without much support
Comment:
Expect it to hit under 385 without bounce
Trade closed: target reached