hi all.
where is support??????????
here is a 20 minute chart, the macd is now in a buy so a run up to resistance is possible.
i have level 1 resistance at 4069 and level 2 resistance at 4086.
i feel short traders could open more shorts around one of the 2 resistance levels and take this market down to fib support at 4028.
if that move down does happen then that should clean out most of the long stops sitting just under the old daily low.
have a good one.
582
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