BS being baby shark... just like last week. Like last week the market spit it out of the .5-.618 PRZ at the close, albeit this time there were a lot more buyers that seemed to step in at the close. 279.65 is the level to watch as if it moves above it we'll likely go to the .886 retrace which prolly means a decisive breakout from the downward channel.
RSI looked weak all day though so I'm expecting selling Wed-Thu and the bearish 5-0 to form just like last week to close the gap from today and retest 278.40 support. Forecast still calls for 281 before the wknd however unless the selling takes us back under 277.
RSI looked weak all day though so I'm expecting selling Wed-Thu and the bearish 5-0 to form just like last week to close the gap from today and retest 278.40 support. Forecast still calls for 281 before the wknd however unless the selling takes us back under 277.
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