With SO taking a holiday break. fcpo starts the day on strong footing – maybe too strong. Kwailows selling pressure yet again, pull prices off highs in PM.
No major moves - reversal or breakdw . Without a fresh low under 3030 this week, no fresh bears and opportunity for bulls to create a reversal above the dwtrend line.
So far nothing is happening. Mkt remains in dwtrend mode. 30-70 is neutral play this week. With this range, danger of a breakdw towards 2850-3000 looms.
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