This level has been a significant area of support and resistance in the past and we nearly tagged it today. Maybe one more push up before it reverses? ┬áThere are some good things going on in the markets in regards to my timing signal, but we need to take out this area with conviction to prove the bulls really do have the edge and this isn’t some sort of trap.

RSI remains trapped between 20-60


One Response to “2600 – Line in the Sand?”

  1. James Says:

    I’ve been keying on 2600 too. When we tag it, I’ll be there with my shorts blazing! We’re going down. I’ve already started to take on some small short exposure.

    Happy trading!

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