To be fair, I wrote “if we punch through 56”. When that happens, that resistance level will be broken and it will demonstrate strength. The fact that we bounced off 56 again just reinforces that it’s a key level per the chart.
My confidence that it was going to happen in that particular day was obviously misplaced and more wishful thinking than anything else.
However my confidence that when it breaks 56 it will run hard to beyond 70 is unwavering.
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