Still a defensive week. We will see what happens with the Fed Reserve stuff tomorrow.
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We will see what happens come Monday. Right now (in my mind) the sentiment is very bearish, because these nincompoops did not want to form a strong base for the opening candle next week.
It is not as if the market can't go back up, but the price action does not currently support a strong move up.
At best, we open around 14,700-14,750 and can move up. We will have to contend with the resistance we have just added to around the 14,800-14,850 area.
It is not as if the market can't go back up, but the price action does not currently support a strong move up.
At best, we open around 14,700-14,750 and can move up. We will have to contend with the resistance we have just added to around the 14,800-14,850 area.
