If it follows through on the rejection of this supply level we could see some pretty significant downside. Thoughts on targets? Let me know in the comments.
What he said..I think now would be the time for some light China trade war retaliation. The 286-288 is pretty solid level. I don’t think it will be able to naturally fall to far 282 is what I’m hoping for into Friday. they will prop it up Friday into Monday with the fed injections.
UnknownUnicorn1236228
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@imafish4uok, Thanks for the input! I can definitely see it seeing support at any of the in between consolidation zones between my 23.6 arrow and where it's at now. My arrow is definitely pretty far away and seems unlikely for sure. Of course it could also also just be the lead up to a wave C and this could all be a great big bull trap. Guess we will see.