Spectacular comeback for us500, but now let's see what will happen next week.
It seems that it manages to close both the week and the day well and thus leaves room for another climb up to the area of 4398-4400.
Here we have an ultimate test for buyers, let's see if they want to leave and collect the profits or if they will still stay in the game.
Buyers must show strength at that level as well.
As I see the price action, I would like to see a rejection from 4400, followed by a retest of the support from where to take new liquidity and where I will also be a buyer.
It seems that it manages to close both the week and the day well and thus leaves room for another climb up to the area of 4398-4400.
Here we have an ultimate test for buyers, let's see if they want to leave and collect the profits or if they will still stay in the game.
Buyers must show strength at that level as well.
As I see the price action, I would like to see a rejection from 4400, followed by a retest of the support from where to take new liquidity and where I will also be a buyer.