Hey guys, so for the moment the bears continue to dictate price action after yesterday's minor sell-off, as overnight losses in futures
extended into the US cash open. After recapturing 2 key trendlines
from the bulls yesterday ( ascending channel
, and megaphone), the bears are taking full advantage of the downward momentum, and we're now racing toward the top of the triangle around 349. There's very little support above 350, and with the 21 day EMA
sitting around 349.80, and volume
steadily increasing behind price action, this is the next logical interim support imo. With the rug now pulled from beneath the bulls, let's see what the bears have in store as we approach the end of the week. Vaccine headlines are circling the MSM
again today, but this new narrative is seemingly losing it's ability
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