2:30pm
Break back under 6627 has pushed the market down into another r44 low, where this time the exit zone can be partial exit @ 6606 and held with the expectation that the lower Gap will fill or at least to the 5-day 50% level. (or into the close of today)
Even though the expectation that these 44 point swing lows have attracted buyers pushing the market upwards, the failure at the 3-day highs and Weekly 50% level has the potential to push the market lower into the close....
Partial exits and run breakeven stops from entry or just above 6627...
Next exit zone is 6578 5-day 50% level and take day off for 2nd lots, with the potential of further weakness if US markets Sell-off tonight.
Break back under 6627 has pushed the market down into another r44 low, where this time the exit zone can be partial exit @ 6606 and held with the expectation that the lower Gap will fill or at least to the 5-day 50% level. (or into the close of today)
Even though the expectation that these 44 point swing lows have attracted buyers pushing the market upwards, the failure at the 3-day highs and Weekly 50% level has the potential to push the market lower into the close....
Partial exits and run breakeven stops from entry or just above 6627...
Next exit zone is 6578 5-day 50% level and take day off for 2nd lots, with the potential of further weakness if US markets Sell-off tonight.
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