Hi all,
Treggs We spoke about the possibility of the false break (weekly) and the chance of getting back above a point at which anything below was no mans land and far more downside. If we can get above 3315 we will be back in a broader range of 3315-3560 that played out since Mid Feb.
Words are being thrown around; brief rally, short covering, relief rally but we also have the chinese speculation and commodities soaring and I would love to hear more from Robbbbb about how this sits with his turn dates and Winks short term indicators for an upside from here.
For today im looking for a xjo close above 3260, there has been alot of selling pressure at that level however I see commodoties carrying us through.
p.s this would have played out nicely a day earlier to confirm the hammer from Tuesday.
Have a good day all
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