Tuesday, a textbook failed breakdown of 5506 triggered longs. 5582 was the macro target, hit it Wednesday. 5596 was next up, been basing here for 2 days. Protect profits, nothing but post rally chop now
As of now: 5582-78 is support (weaker now). Buyers must hold it to keep 5596, 5605, 5613-16+ in play. 78 fails, sell to 5560 1st.
Remember, markets trap before they move. The field breakdown Tuesday that trap sellers is what caused this next leg.
As of now: 5582-78 is support (weaker now). Buyers must hold it to keep 5596, 5605, 5613-16+ in play. 78 fails, sell to 5560 1st.
Remember, markets trap before they move. The field breakdown Tuesday that trap sellers is what caused this next leg.
Trade active
First two upside targets mentioned earlier (5596, 5605) both tagged. 5613+ next up if buyers want it. Sellers will only try to dip us if 5582 to 78 fails. Trade closed: target reached
all 3 targets I gave this morning around 8 am have hit! Have a great weekend 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.