Morning Update: Can we make it to the Danger Zone
This is not a nod to the 1980's TOP GUN movie.
This morning as it write my update we are getting that selling reprieve I discussed yesterday. My sense is this could last a couple days...but it's early. There's strong resistance at $103.60. If we can make it over that we have to contend with the $106-$107 area...then we have $111.
Based on how price has acted this week it would not surprise me if we got to the danger zone...but it's highly unlikely we're going above $111 just yet. Today should be a day with upward pressure to consolidation. See you all tonight.
Best to all,
Chris
This morning as it write my update we are getting that selling reprieve I discussed yesterday. My sense is this could last a couple days...but it's early. There's strong resistance at $103.60. If we can make it over that we have to contend with the $106-$107 area...then we have $111.
Based on how price has acted this week it would not surprise me if we got to the danger zone...but it's highly unlikely we're going above $111 just yet. Today should be a day with upward pressure to consolidation. See you all tonight.
Best to all,
Chris
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.