The market remains in a state of consolidation. The longer a consolidation lasts, the more significant the move out of it tends to be. The primary goal of buyers is to protect the monthly one time framing up.
Likely a stupid question. But I get confused when you say something is a poor low or a poor high. If something is a poor low are you saying it’s strong support and likely won’t be breached and can possibly cause short covering ? And a poor high is strong resistance and can cause liquidation? If so , why is a strong support , a poor low and strong resistance a poor high?
Likely a stupid question. But I get confused when you say something is a poor low or a poor high. If something is a poor low are you saying it’s strong support and likely won’t be breached and can possibly cause short covering ? And a poor high is strong resistance and can cause liquidation? If so , why is a strong support , a poor low and strong resistance a poor high?
Thanks very much
Amazing analysis as usual. Incredibly tricky market. We keep on hanging over 200 sma without any clear resolution
Awesome work. Thank you 😊