Well I tried to get here Friday night, but life get in the way sometimes and its good to let it flow.
So, this week was pretty range bound testing out 2.44 and 2.57. Then Thursday, boom some good action to 2.72 bouncing off the .786 FIB! Then Friday a new low in the first hour, and then a pop to 2.63, only to close at 2.47. I would have been super happy to close above 2.50.
I think this ranging is good in this support zone, hopefully defining the bottom! Also, remember it held this area while the rest of the market is going through a correction (yes, I am thinking it is a correction, and not a crash. we shall see by Wednesday).
I am excited to see what this week brings.
So, this week was pretty range bound testing out 2.44 and 2.57. Then Thursday, boom some good action to 2.72 bouncing off the .786 FIB! Then Friday a new low in the first hour, and then a pop to 2.63, only to close at 2.47. I would have been super happy to close above 2.50.
I think this ranging is good in this support zone, hopefully defining the bottom! Also, remember it held this area while the rest of the market is going through a correction (yes, I am thinking it is a correction, and not a crash. we shall see by Wednesday).
I am excited to see what this week brings.
