Afternoon trading August 15, page-153

  1. 2,182 Posts.
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    CRR someone managing the SP in mid-6s with bot trading, however not a bad end mid-way on the day’s candle. Longer-term view of the daily provides opportunity for a cup and handle to form on the chart. Trading in recent months would also suggest opportunity to get into the 7s soon, there should not be much resistance in the mid-6s. The only issue of course that the SP was not long ago in the 4s, meaning increased likelihood of sellers from June lurking for a quick exit.

    Just a question of how much overhang there is at this price, which I do not know.
    Last edited by auro: 15/08/22
 
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