Strong from start till about 4pm. Last hour was mostly profit take activities after reaching 1380 lvl in a day climb. Fkli extend upside toward 80-85 range in PM thanks to +ve Europe, +0.5% /DJ futs tone, +50, helping to keep fkli’s premium stance. Regional was mixed again today.
Technical bullishness remains intact. Above 1380 is overwhelmingly bullish, targeting 1400 but unlikely to breakout with one attempt. Rather, a pullback is expected, narrowing the gap with 7SMA first. So, sell on weakness strategy in the later half of the week. Chasing position buy looks a bit too expensive but trading buy above 80 with tight sellstop
No comments:
Post a Comment