XTL 1.43% 4,362.2 s&p/asx 20

Still some uncertainty on the DXY but I posed a couple of...

  1. 825 Posts.
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    Still some uncertainty on the DXY but I posed a couple of questions that err me toward Weakness, especially if price fails to hold this key level and we see a Reaction from this latest potential Wyckoff Upthrust or even if we see a lack of urgency for price to accelerate higher from here as any lingering may draw out further Supply that will reduce the momentum required to break over and hold above this key level in line with Preliminary Supply.
    The case for further Downside is supported by that distinct Major Sign of Weakness in the background, hanging like a yoke around the neck as price attempts to move higher.
    If price can clearly overcome Resistance here it would be a sure Sign of Strength and would be increasingly supportive of a move toward the top of the Trading Range over $100, otherwise a break lower from here could see Price Mark Down be.ow recent lows outside the Trading Range in Phase E.

    Cheers
    Last edited by Hold Fast: 23/06/18
 
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