Yesterday and today's action looks and feels strangely similar to what we had last week on Wed. and Thurs. before the last Friday's fall. However, for now, the tone remains bullish and volume is very high. This week's action snapped back last week's evening star pattern on the weekly chart. It will be interesting to see if we can take out the resistance marked by the green line early next week. The FOMC policy announcement on Tuesday will no doubt, play an important role.
No comments:
Post a Comment