The kettle has been turned on
Bears are losing the attempt to play the downtrend and instead turning resistance areas into support,the channel has not broken and support still stands 10.6,10k.The accumulation over the past 3 months is setting up for a huge ending quarter for the market in my personal opinion.
I think this test of resistance may be the right amount of pressure at exactly the right time for the bulls to break through.
Weekly: Very short term bearish.10.7k-10.4k
Monthly: Bullish trend occurring with increasing levels of volatility for Big 15 swaps.
I think this test of resistance may be the right amount of pressure at exactly the right time for the bulls to break through.
Weekly: Very short term bearish.10.7k-10.4k
Monthly: Bullish trend occurring with increasing levels of volatility for Big 15 swaps.
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