Fkli stuck near 1270 but off highs on late profit take as fbm fails to clear 70’s hurdle. Plus, broad mkts, both equity and commodity, head lower after 4pm local time.
Fkli, toppish daily candle. 1270+ scheduled first pit stop? If so, we are looking at 15-20 points pullback first before fresh attempt at 1300. No buying if mkt below 73.5, wait for “genuine” pullback. Above 74, chase!, preferably if fbm is not too far back, as 1300 is back in game.
Time to check near-term long position commitment and trading sell if mkt dips below 1265, targeting a retreat towards 7SMA/pink
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