26/07 Week, page-121

Yesterday’s price action looked to be old longs liquidating in the morning with some short-term shorts jumping in.

Those shorts were not confident in a sustained move down and covered at 7382, reflected in the small bounces off this level.

Overnight saw fresh buyers stepping in at 7370ish, giving us the buying tail which marked the reinitiation of the move up.


I’m staying long as long the overnight low holds, and the up trend stays in tact. Should test all time highs again today or tomorrow.