Market hovering around ~63 which validates my earlier post.
Now considering if bulls can keep the momentum going, next target is ~64-64.2 right into resistance.
Earlier price rejected at 62.6-7 area few times only to fill the FVG below and break above 62.7 shows bulls weren't playing around.
Now I am skeptical since we have our friend Jerry speaking tomorrow to ruin our lives, I am betting bulls will keep the momentum going till Jerry speaks.
If he's dovish we make a break above 64, if he's hawkish we will see bearish momentum continuing till 60 IMO.
NFA
Now considering if bulls can keep the momentum going, next target is ~64-64.2 right into resistance.
Earlier price rejected at 62.6-7 area few times only to fill the FVG below and break above 62.7 shows bulls weren't playing around.
Now I am skeptical since we have our friend Jerry speaking tomorrow to ruin our lives, I am betting bulls will keep the momentum going till Jerry speaks.
If he's dovish we make a break above 64, if he's hawkish we will see bearish momentum continuing till 60 IMO.
NFA
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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.