Good morning Traders!
Welcome to a new year and a new trading week.
We did not get the rally (window dressing) into the close that I expected to see at the end of the year, but we bounced right back up near the highs last night, nonetheless.
We are left with a gap below, and a weak high (market looks like it's unfinished to the high side). I would expect us to chop around in here and continue to try and push towards the highs.
I'm going to give a neutral reading today because we are in this balance at the highs, however, i still expect it to have an upward skew.
Welcome to a new year and a new trading week.
We did not get the rally (window dressing) into the close that I expected to see at the end of the year, but we bounced right back up near the highs last night, nonetheless.
We are left with a gap below, and a weak high (market looks like it's unfinished to the high side). I would expect us to chop around in here and continue to try and push towards the highs.
I'm going to give a neutral reading today because we are in this balance at the highs, however, i still expect it to have an upward skew.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.