Same premise this morning as we have seen for the past few weeks. Looking for potential inside support and continuation attempt up. Must be aware that price is coming off key 1100.00 area so will need to confirm potential inside support at 1093.50. Market is stretched to the upside. The theme over the past few weeks has been for price to take off prior to testing inside support or to break inside support and correct down. I will be watching 1093.50 closely. If price extends 1099.25, look for a grind up to 1116.50. If 1093.50 does not hold, I will look for a test of 1085.00 and be ready for a deeper correction down.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.