11:52Market Reversing down and into an R44 low from the Higher open today (Risk 6373)
Price is trading below all higher timeframe 50% levels, the only thing that will confirm further weakness is a break below the 3-day lows, taking out last Week's lows.
If this is the case then the expectation is price is coming down into the Yearly balance point, as described in the Weekly report.
Exited last contract @ 6338.
Random price action after an R44 completion:- it can swing back up, or continue down into another range, similar to last Monday.
Normally I would look to BUY the R44 spiral point lows, but not today…
Happy New Year….
Price is trading below all higher timeframe 50% levels, the only thing that will confirm further weakness is a break below the 3-day lows, taking out last Week's lows.
If this is the case then the expectation is price is coming down into the Yearly balance point, as described in the Weekly report.
Exited last contract @ 6338.
Random price action after an R44 completion:- it can swing back up, or continue down into another range, similar to last Monday.
Normally I would look to BUY the R44 spiral point lows, but not today…
Happy New Year….
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