Technically Speaking
Price broke down through the pivot at 2120. The next technical level is the 100 WMA, followed by support at 2040. Look for 2120 to provide resistance.
What to do?
The big risk event this week is the NFP report on Friday at 7:30 CST. That report will likely determine how the week finishes.
I will be waiting until after the NFP report to see if we get to any levels that interest me.
I will be looking to sell at 2120.
I will be looking to buy at 2040.
Quote
"Whenever you find yourself on the side of the majority, it is time to pause and reflect"
Mark Twain.
Price broke down through the pivot at 2120. The next technical level is the 100 WMA, followed by support at 2040. Look for 2120 to provide resistance.
What to do?
The big risk event this week is the NFP report on Friday at 7:30 CST. That report will likely determine how the week finishes.
I will be waiting until after the NFP report to see if we get to any levels that interest me.
I will be looking to sell at 2120.
I will be looking to buy at 2040.
Quote
"Whenever you find yourself on the side of the majority, it is time to pause and reflect"
Mark Twain.
