Today will be quite a day, either sharply up or down. My personal view, remains medium-term SELL.
The FIB time cycles on weekly chart suggests we are nearing the end of the cycle, and further we are trying to move beyond GANN resistance, but am still worried about the stellar steepness of the increase.
I have no issue seeing long-term 15-16-17 handles, but first we need to move back towards 10.25-11.25 to relieve the pressures.
Today is D-Day as we may see either rate cuts or not. The question is also how much. this should be far build-in the market and therefore the chance of a sharp decline is far greater than not.
It is a personal view point and choice. needless to say, good luck for today.
The FIB time cycles on weekly chart suggests we are nearing the end of the cycle, and further we are trying to move beyond GANN resistance, but am still worried about the stellar steepness of the increase.
I have no issue seeing long-term 15-16-17 handles, but first we need to move back towards 10.25-11.25 to relieve the pressures.
Today is D-Day as we may see either rate cuts or not. The question is also how much. this should be far build-in the market and therefore the chance of a sharp decline is far greater than not.
It is a personal view point and choice. needless to say, good luck for today.