| Weekly Trend: | Up |
|
| Daily Trend: | Neutral |
|
| Daily Momentum: | ___ | Down |
The market giveth and taketh away twice as fast. Savage move lower today as price dropped out of the rising wedge after reversing off that 4600 level. With the stiff movement over the last two sessions we can really only conclude that the next wave lower has now more than likely begun. If so, then we’re on our way to 3800 – 4000, more likely the lower side. The last two sessions have opened on their respective highs and closed on their respective lows. Chances are this leg lower will show similar traits to the move off the April highs.
Facebook comments: