Expectation this week there would be an early push down into Weekly low levels...These levels are important reference points, becasue of the possibility of reversals upwards from these levels and the market swings back upwards towards the Weekly 50% level.
Technically there needs to be a couple of things that will need to happen to verify any reversals....
But the major thing that will drive any Upward pressure will be an announcement by the FED regarding % rates....and it has to be soon....
All bets are off with prices trading below the Weekly lows, but i'll update this thread in a couple of hours and things we need to see happen to verify a higher close into Friday. Because at this stage it's simply to early to think that this will happen
Posts
