honestly does anything matter anymore?...
anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing)
Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's.
I believe we won't initially hold 310 however, given the psych-influenced support built around whole numbers especially round-hundreds. this will also toss creedence to the 50 period ema which is sitting comfy just above the channel floor.
Comment:
I meant 320's, not 230's.