Tonight’s action is certainly beginning to look like a failed bear raid
A quick dump on a Sunday night into a US trading holiday to break 1200?????? At the moment, it looks to have failed.
A quick dump on a Sunday night into a US trading holiday to break 1200?????? At the moment, it looks to have failed.
Cash, Yes the buyers are still lining up to buy the dip. We should be very close to a short term trading cycle low here (this week?) and perhaps a 5-6 month Intermediate Cycle low as well. If we get a close below 1206 there should be strong support at 1190.