Consolidation since Nov in anticipation of better economic news ?
Self fulfilling prophecy as better economic news will also mean inflation for longer
Support held around the 10830 levels
Resistance and more resistance above at 11500 and 11950 levels
FED I guess will dicate if we get a resistance break and a bear maket rally, we consolidate further, or we break down lower
My expectation is that amateurs will buy the open and pro's will sell into that strength at FED's desicion
Not easy trading conditions
No position currently
Waiting......
Self fulfilling prophecy as better economic news will also mean inflation for longer
Support held around the 10830 levels
Resistance and more resistance above at 11500 and 11950 levels
FED I guess will dicate if we get a resistance break and a bear maket rally, we consolidate further, or we break down lower
My expectation is that amateurs will buy the open and pro's will sell into that strength at FED's desicion
Not easy trading conditions
No position currently
Waiting......